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

Intech Investment Management LLC lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 49.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,817 shares of the real estate investment trust’s stock after selling 19,990 shares during the period. Intech Investment Management LLC’s holdings in First Industrial Realty Trust were worth $1,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FR. Northwestern Mutual Wealth Management Co. grew its holdings in First Industrial Realty Trust by 856,065.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock worth $560,443,000 after acquiring an additional 9,784,830 shares in the last quarter. Invesco Ltd. grew its holdings in First Industrial Realty Trust by 8.0% during the 3rd quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock worth $223,571,000 after acquiring an additional 323,248 shares in the last quarter. Geode Capital Management LLC grew its holdings in First Industrial Realty Trust by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,629,908 shares of the real estate investment trust’s stock worth $150,644,000 after acquiring an additional 41,042 shares in the last quarter. Citadel Advisors LLC grew its holdings 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 acquiring an additional 1,035,385 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in First Industrial Realty Trust by 4.1% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,438,012 shares of the real estate investment trust’s stock worth $125,484,000 after acquiring an additional 95,177 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 0.2%

Shares of First Industrial Realty Trust stock opened at $61.54 on Friday. The company has a fifty day simple moving average of $61.31 and a 200-day simple moving average of $59.67. First Industrial Realty Trust, Inc. has a 12-month low of $47.36 and a 12-month high of $64.66. 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 cap of $8.16 billion, a price-to-earnings ratio of 23.85 and a beta of 1.05.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is presently 77.52%.

Analysts Set New Price Targets

Several research analysts have commented on FR shares. 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 report on Friday, May 15th. 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 report on Tuesday, April 28th. Royal Bank Of Canada boosted their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Wells Fargo & Company lowered their price target on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Finally, Scotiabank boosted their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.93.

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.