International Assets Investment Management LLC Invests $153,000 in First Industrial Realty Trust, Inc. (NYSE:FR)

International Assets Investment Management LLC bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the 4th quarter, Holdings Channel reports. The firm bought 2,897 shares of the real estate investment trust’s stock, valued at approximately $153,000.

Other institutional investors have also added to or reduced their stakes in the company. Walleye Capital LLC lifted its position in shares of First Industrial Realty Trust by 131.9% in the third quarter. Walleye Capital LLC now owns 800,655 shares of the real estate investment trust’s stock valued at $38,103,000 after buying an additional 455,378 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in First Industrial Realty Trust by 22.0% during the 3rd quarter. Hsbc Holdings PLC now owns 2,240,983 shares of the real estate investment trust’s stock valued at $106,847,000 after purchasing an additional 403,887 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in First Industrial Realty Trust during the 3rd quarter valued at $11,229,000. Qube Research & Technologies Ltd increased its holdings in shares of First Industrial Realty Trust by 856.5% in the third quarter. Qube Research & Technologies Ltd now owns 214,557 shares of the real estate investment trust’s stock valued at $10,211,000 after purchasing an additional 192,126 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of First Industrial Realty Trust by 5.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,655 shares of the real estate investment trust’s stock valued at $143,943,000 after purchasing an additional 158,722 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR opened at $46.00 on Monday. The firm has a market cap of $6.09 billion, a P/E ratio of 21.20 and a beta of 1.01. The business’s fifty day moving average is $51.55 and its 200-day moving average is $49.90. 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 0.83, a quick ratio of 1.06 and a current ratio of 1.25.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.37 dividend. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, March 27th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 68.20%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, January 11th. Wedbush lowered First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $59.00 to $49.00 in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price objective on First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, TheStreet raised shares of First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.11.

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.