First Industrial Realty Trust, Inc. (NYSE:FR) Stake Raised by Bailard Inc.

Bailard Inc. boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,000 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Bailard Inc.’s holdings in First Industrial Realty Trust were worth $948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its holdings in First Industrial Realty Trust by 31.9% during the 4th quarter. CWM LLC now owns 1,613 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 390 shares during the period. Covestor Ltd grew its stake in First Industrial Realty Trust by 14.0% during the 3rd quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 241 shares in the last quarter. International Assets Investment Management LLC purchased a new position in First Industrial Realty Trust during the 4th quarter valued at about $153,000. Trust Point Inc. purchased a new position in First Industrial Realty Trust during the 4th quarter valued at about $204,000. Finally, DAVENPORT & Co LLC purchased a new position in First Industrial Realty Trust during the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, January 11th. Truist Financial lifted their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada boosted their price target on First Industrial Realty Trust from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Wedbush cut First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $59.00 to $49.00 in a research note on Thursday. Finally, TheStreet raised First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.11.

First Industrial Realty Trust Stock Down 0.1 %

Shares of First Industrial Realty Trust stock opened at $46.00 on Friday. The stock has a market capitalization of $6.09 billion, a P/E ratio of 21.20 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average price of $51.55 and a two-hundred day moving average price of $49.86. First Industrial Realty Trust, Inc. has a 12-month low of $40.44 and a 12-month high of $55.22.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a yield of 3.22%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.32. First Industrial Realty Trust’s dividend payout ratio is presently 68.20%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.