Raymond James & Associates Has $1.09 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Raymond James & Associates increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,610 shares of the real estate investment trust’s stock after buying an additional 2,512 shares during the quarter. Raymond James & Associates’ holdings in First Industrial Realty Trust were worth $1,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FR. Raymond James Financial Services Advisors Inc. bought a new position in shares of First Industrial Realty Trust in the first quarter valued at $232,000. American Century Companies Inc. acquired a new position in First Industrial Realty Trust during the 1st quarter valued at about $263,000. Natixis Advisors L.P. increased its holdings in First Industrial Realty Trust by 22.6% during the 1st quarter. Natixis Advisors L.P. now owns 16,759 shares of the real estate investment trust’s stock worth $1,038,000 after purchasing an additional 3,086 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of First Industrial Realty Trust by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 176,557 shares of the real estate investment trust’s stock worth $11,298,000 after purchasing an additional 7,724 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of First Industrial Realty Trust by 4.8% in the first quarter. Allianz Asset Management GmbH now owns 708,919 shares of the real estate investment trust’s stock valued at $43,889,000 after purchasing an additional 32,176 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Mizuho reiterated a “buy” rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. Barclays restated an “equal weight” rating and set a $53.00 price target (down from $63.00) on shares of First Industrial Realty Trust in a report on Wednesday, March 27th. JPMorgan Chase & Co. increased their price objective on shares of First Industrial Realty Trust from $51.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their target price on 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 analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Hold” and an average target price of $55.30.

First Industrial Realty Trust Trading Down 1.0 %

Shares of FR stock opened at $45.63 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.04 billion, a P/E ratio of 21.03 and a beta of 1.01. The company has a 50 day moving average of $52.36 and a 200-day moving average of $49.93. First Industrial Realty Trust, Inc. has a 12-month low of $40.44 and a 12-month high of $55.22.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.24%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, March 27th. First Industrial Realty Trust’s dividend payout ratio is 68.20%.

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.