First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 70.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,345 shares of the real estate investment trust’s stock after acquiring an additional 28,257 shares during the period. Commonwealth Equity Services LLC owned 0.05% of First Industrial Realty Trust worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Versor Investments LP increased its position in shares of First Industrial Realty Trust by 23.3% in the 1st quarter. Versor Investments LP now owns 12,700 shares of the real estate investment trust’s stock valued at $676,000 after acquiring an additional 2,400 shares during the period. Parallel Advisors LLC increased its position in shares of First Industrial Realty Trust by 228.8% in the 1st quarter. Parallel Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 572 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of First Industrial Realty Trust by 21.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 647,649 shares of the real estate investment trust’s stock valued at $31,256,000 after acquiring an additional 114,877 shares during the period. Lake Street Financial LLC acquired a new position in shares of First Industrial Realty Trust in the 1st quarter valued at $703,000. Finally, CI Investments Inc. increased its position in shares of First Industrial Realty Trust by 1.1% in the 4th quarter. CI Investments Inc. now owns 324,565 shares of the real estate investment trust’s stock valued at $15,664,000 after acquiring an additional 3,448 shares during the period. 98.36% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Trading Up 0.7 %

FR stock opened at $52.29 on Monday. The company’s 50-day simple moving average is $52.18 and its 200-day simple moving average is $52.22. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. First Industrial Realty Trust, Inc. has a 52-week low of $42.91 and a 52-week high of $55.51. The firm has a market cap of $6.92 billion, a P/E ratio of 21.88 and a beta of 0.97.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s payout ratio is currently 53.56%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FR shares. StockNews.com started coverage on First Industrial Realty Trust in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup started coverage on First Industrial Realty Trust in a research report on Wednesday, July 19th. They set a “neutral” rating and a $57.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $58.86.

First Industrial Realty Trust Profile

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.