Prospera Financial Services Inc Cuts Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Prospera Financial Services Inc cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 97.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 850 shares of the real estate investment trust’s stock after selling 38,070 shares during the quarter. Prospera Financial Services Inc’s holdings in First Industrial Realty Trust were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Seven Springs Wealth Group LLC boosted its holdings in First Industrial Realty Trust by 4.6% during the 2nd quarter. Seven Springs Wealth Group LLC now owns 5,686 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 248 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in First Industrial Realty Trust by 2.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 8,868 shares of the real estate investment trust’s stock valued at $421,000 after acquiring an additional 251 shares during the period. First Hawaiian Bank lifted its holdings in First Industrial Realty Trust by 4.1% in the 2nd quarter. First Hawaiian Bank now owns 7,695 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 306 shares during the period. Ascent Group LLC lifted its holdings in First Industrial Realty Trust by 4.7% in the 1st quarter. Ascent Group LLC now owns 6,973 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 312 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in First Industrial Realty Trust by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 69,889 shares of the real estate investment trust’s stock worth $4,327,000 after buying an additional 328 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Down 0.3 %

Shares of NYSE:FR opened at $48.49 on Thursday. First Industrial Realty Trust, Inc. has a 52-week low of $42.91 and a 52-week high of $66.74. The firm has a market capitalization of $6.41 billion, a P/E ratio of 16.38 and a beta of 0.96. The stock has a 50 day moving average price of $47.27 and a 200-day moving average price of $49.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.06.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Saturday, December 31st will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, December 29th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 39.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FR shares. StockNews.com started coverage on First Industrial Realty Trust in a report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. dropped their price objective on First Industrial Realty Trust from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, November 3rd. Robert W. Baird increased their price objective on First Industrial Realty Trust from $69.00 to $75.00 in a report on Friday, July 22nd. Finally, Barclays dropped their price objective on First Industrial Realty Trust from $71.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, October 13th. Four equities research 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 company presently has an average rating of “Hold” and an average target price of $50.69.

About First Industrial Realty Trust

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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.

See Also

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

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