Lasalle Investment Management Securities LLC Has $45.12 Million Stock Holdings in First Industrial Realty Trust, Inc. $FR

Lasalle Investment Management Securities LLC increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 787,764 shares of the real estate investment trust’s stock after acquiring an additional 54,475 shares during the quarter. First Industrial Realty Trust comprises about 1.8% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 23rd largest position. Lasalle Investment Management Securities LLC’s holdings in First Industrial Realty Trust were worth $45,115,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Citadel Advisors LLC boosted its position in First Industrial Realty Trust by 70.8% during the 3rd quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock worth $128,581,000 after buying an additional 1,035,385 shares during the period. Thrivent Financial for Lutherans boosted its position in First Industrial Realty Trust by 3.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust’s stock worth $109,883,000 after buying an additional 63,112 shares during the period. M&T Bank Corp acquired a new stake in First Industrial Realty Trust during the 4th quarter worth approximately $1,134,000. Hudson Bay Capital Management LP acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $20,172,000. Finally, Handelsbanken Fonder AB boosted its position in First Industrial Realty Trust by 52.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 71,574 shares of the real estate investment trust’s stock worth $3,684,000 after buying an additional 24,500 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FR has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Robert W. Baird boosted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.64.

First Industrial Realty Trust Trading Down 0.0%

NYSE:FR opened at $61.85 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 23.97 and a beta of 1.06. The firm has a fifty day simple moving average of $61.03 and a two-hundred day simple moving average of $59.53. First Industrial Realty Trust, Inc. has a 12 month low of $47.36 and a 12 month high of $64.66.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 77.52%.

First Industrial Realty Trust Company 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.