UBS Asset Management Americas Inc. decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR – Get Rating) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 780,507 shares of the real estate investment trust’s stock after selling 43,143 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.59% of First Industrial Realty Trust worth $34,975,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of FR. Neo Ivy Capital Management bought a new position in First Industrial Realty Trust in the 2nd quarter worth about $28,000. Wipfli Financial Advisors LLC bought a new position in First Industrial Realty Trust in the 3rd quarter worth about $44,000. Brown Brothers Harriman & Co. bought a new position in First Industrial Realty Trust in the 1st quarter worth about $46,000. Ellevest Inc. grew its position in First Industrial Realty Trust by 1,790.0% in the 3rd quarter. Ellevest Inc. now owns 1,134 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in First Industrial Realty Trust by 46.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,129 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 98.00% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of First Industrial Realty Trust from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. JPMorgan Chase & Co. raised shares of First Industrial Realty Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $56.00 in a research note on Friday, December 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a research note on Thursday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.
First Industrial Realty Trust Stock Up 0.9 %
First Industrial Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 30th. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.51%. First Industrial Realty Trust’s dividend payout ratio is currently 43.54%.
About First Industrial Realty Trust
First Industrial Realty Trust, Inc engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties. The company was founded by Johannson L.
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