First Industrial Realty Trust, Inc. $FR Shares Purchased by Strs Ohio

Strs Ohio raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 28.8% during the third quarter, HoldingsChannel reports. The firm owned 241,761 shares of the real estate investment trust’s stock after purchasing an additional 54,001 shares during the quarter. Strs Ohio’s holdings in First Industrial Realty Trust were worth $12,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. purchased a new position in First Industrial Realty Trust during the 3rd quarter worth approximately $39,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of First Industrial Realty Trust in the second quarter worth $40,000. SJS Investment Consulting Inc. purchased a new position in shares of First Industrial Realty Trust during the third quarter worth $47,000. True Wealth Design LLC raised its holdings in shares of First Industrial Realty Trust by 988.7% during the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,137 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in First Industrial Realty Trust by 272.5% during the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 973 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $57.36 on Monday. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $60.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $57.80 and a 200 day moving average price of $53.95. The stock has a market cap of $7.60 billion, a PE ratio of 32.04 and a beta of 1.14.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.1%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 99.44%.

Insider Buying and Selling at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $64.00 price objective on First Industrial Realty Trust in a report on Thursday, January 8th. Royal Bank Of Canada lifted their price target on First Industrial Realty Trust from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Wells Fargo & Company boosted their price target on First Industrial Realty Trust from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Barclays restated a “positive” rating and issued a $64.00 price objective on shares of First Industrial Realty Trust in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.46.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.