Toroso Investments LLC Buys 12,395 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Toroso Investments LLC grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 68.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,439 shares of the real estate investment trust’s stock after acquiring an additional 12,395 shares during the period. Toroso Investments LLC’s holdings in First Industrial Realty Trust were worth $1,619,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank raised its position in First Industrial Realty Trust by 1.4% during the 1st quarter. Toronto Dominion Bank now owns 14,280 shares of the real estate investment trust’s stock valued at $759,000 after purchasing an additional 198 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of First Industrial Realty Trust by 4.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,041 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 217 shares during the period. Inspire Investing LLC raised its holdings in shares of First Industrial Realty Trust by 5.1% in the first quarter. Inspire Investing LLC now owns 5,138 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 250 shares in the last quarter. NewEdge Wealth LLC lifted its stake in First Industrial Realty Trust by 2.2% in the first quarter. NewEdge Wealth LLC now owns 12,853 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 275 shares during the period. Finally, Vestmark Advisory Solutions Inc. grew its holdings in First Industrial Realty Trust by 2.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 12,448 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of FR opened at $51.37 on Friday. The company has a 50 day moving average of $51.85 and a two-hundred day moving average of $52.08. 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 twelve month low of $42.91 and a twelve month high of $55.51. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 21.49 and a beta of 0.97.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.28 annualized dividend and a yield of 2.49%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 53.56%.

Wall Street Analyst Weigh In

FR has been the subject of several research reports. Citigroup assumed coverage on shares of First Industrial Realty Trust in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $57.00 price target for the company. StockNews.com assumed coverage on First Industrial Realty Trust in a research report on Thursday, August 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently 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.