Greenwood Capital Associates LLC Sells 250 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Greenwood Capital Associates LLC lessened its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FRFree Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,764 shares of the real estate investment trust’s stock after selling 250 shares during the period. Greenwood Capital Associates LLC’s holdings in First Industrial Realty Trust were worth $620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pathstone Family Office LLC bought a new position in First Industrial Realty Trust in the third quarter worth approximately $552,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of First Industrial Realty Trust by 11.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 50,053 shares of the real estate investment trust’s stock worth $2,382,000 after purchasing an additional 4,974 shares in the last quarter. Citigroup Inc. grew its position in First Industrial Realty Trust by 31.8% in the 3rd quarter. Citigroup Inc. now owns 80,220 shares of the real estate investment trust’s stock valued at $3,818,000 after purchasing an additional 19,376 shares during the period. Deutsche Bank AG increased its stake in First Industrial Realty Trust by 16.6% during the 3rd quarter. Deutsche Bank AG now owns 223,882 shares of the real estate investment trust’s stock valued at $10,655,000 after purchasing an additional 31,887 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in First Industrial Realty Trust by 21.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 99,663 shares of the real estate investment trust’s stock worth $4,685,000 after buying an additional 17,768 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

FR traded down $0.03 during trading on Friday, hitting $47.49. 737,139 shares of the company traded hands, compared to its average volume of 768,877. First Industrial Realty Trust, Inc. has a one year low of $40.44 and a one year high of $55.22. The stock’s fifty day moving average is $47.58 and its 200 day moving average is $50.71. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.28 billion, a P/E ratio of 21.88 and a beta of 1.07.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Barclays reiterated an “equal weight” rating and set a $53.00 price target (down previously from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. Truist Financial increased their price objective on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Mizuho reiterated a “buy” rating and set a $58.00 price target on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. Finally, BNP Paribas began coverage on shares of First Industrial Realty Trust in a report on Tuesday, June 4th. They set an “outperform” rating and a $57.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $53.42.

Check Out Our Latest Stock Report on First Industrial Realty Trust

First Industrial Realty Trust Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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