Meeder Asset Management Inc. Has $75,000 Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Meeder Asset Management Inc. increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 71.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,573 shares of the real estate investment trust’s stock after buying an additional 654 shares during the period. Meeder Asset Management Inc.’s holdings in First Industrial Realty Trust were worth $75,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Better Money Decisions LLC acquired a new position in shares of First Industrial Realty Trust in the 2nd quarter worth approximately $25,000. Pinebridge Investments L.P. lifted its position in shares of First Industrial Realty Trust by 592.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 692 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 592 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of First Industrial Realty Trust in the 1st quarter worth approximately $46,000. Lazard Asset Management LLC lifted its position in shares of First Industrial Realty Trust by 99.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,396 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 695 shares during the period. Finally, Covestor Ltd lifted its position in shares of First Industrial Realty Trust by 96.3% in the 1st quarter. Covestor Ltd now owns 1,790 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 878 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FR has been the topic of a number of recent analyst reports. StockNews.com started coverage on shares of First Industrial Realty Trust in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Robert W. Baird boosted their target price on shares of First Industrial Realty Trust from $69.00 to $75.00 in a research report on Friday, July 22nd. Barclays dropped their target price on shares of First Industrial Realty Trust from $71.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, October 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of First Industrial Realty Trust from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.69.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $49.78 on Friday. The firm has a market capitalization of $6.58 billion, a PE ratio of 16.82 and a beta of 0.96. The firm has a fifty day simple moving average of $47.41 and a two-hundred day simple moving average of $49.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 12 month low of $42.91 and a 12 month high of $66.74.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be paid a dividend of $0.295 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.18 dividend on an annualized basis and a yield of 2.37%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 39.86%.

First Industrial Realty Trust Profile

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First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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

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