37,200 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,200 shares of the real estate investment trust’s stock, valued at approximately $1,959,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Michigan Retirement System increased its position in First Industrial Realty Trust by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 31,768 shares of the real estate investment trust’s stock worth $1,673,000 after acquiring an additional 200 shares during the period. O Shaughnessy Asset Management LLC increased its position in 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 worth $268,000 after acquiring an additional 217 shares during the period. Covestor Ltd boosted its stake in First Industrial Realty Trust by 14.0% during the third quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 241 shares in the last quarter. GYL Financial Synergies LLC boosted its stake in First Industrial Realty Trust by 0.7% during the third quarter. GYL Financial Synergies LLC now owns 35,469 shares of the real estate investment trust’s stock worth $1,688,000 after buying an additional 242 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in First Industrial Realty Trust by 1.5% during the third quarter. M&T Bank Corp now owns 16,886 shares of the real estate investment trust’s stock worth $804,000 after buying an additional 250 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating and set a $53.00 price target (down previously from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of First Industrial Realty Trust from $51.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. TheStreet upgraded shares of First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Truist Financial lifted their price target on shares of First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their price target on shares of First Industrial Realty Trust from $41.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.30.

First Industrial Realty Trust Stock Down 5.3 %

Shares of NYSE:FR opened at $46.03 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $40.44 and a 52 week high of $55.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average is $52.69 and its 200-day moving average is $49.91. The company has a market capitalization of $6.09 billion, a PE ratio of 22.24 and a beta of 1.01.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.37 per share. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.48 annualized dividend and a yield of 3.22%. First Industrial Realty Trust’s dividend payout ratio is 71.50%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.