First Industrial Realty Trust, Inc. $FR Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC reduced its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 99.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,159 shares of the real estate investment trust’s stock after selling 784,605 shares during the period. Lasalle Investment Management Securities LLC’s holdings in First Industrial Realty Trust were worth $183,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of First Industrial Realty Trust in the third quarter worth $26,000. Parallel Advisors LLC raised its holdings in First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 291 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 301 shares during the last quarter. Danske Bank A S bought a new position in First Industrial Realty Trust during the 3rd quarter valued at $51,000. Finally, Parkside Financial Bank & Trust boosted its stake in First Industrial Realty Trust by 27.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 1.0%

Shares of NYSE:FR opened at $67.76 on Thursday. The company’s fifty day moving average is $63.24 and its two-hundred day moving average is $61.21. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. First Industrial Realty Trust, Inc. has a 1-year low of $47.38 and a 1-year high of $69.88. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 26.26 and a beta of 1.05.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio is 77.52%.

Wall Street Analyst Weigh In

FR has been the subject of several research analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Truist Financial increased their target price on First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.29.

About First Industrial Realty Trust

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.