Savant Capital LLC Boosts Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Savant Capital LLC lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 39.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,909 shares of the real estate investment trust’s stock after purchasing an additional 1,937 shares during the quarter. Savant Capital LLC’s holdings in First Industrial Realty Trust were worth $364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in First Industrial Realty Trust by 3.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,009 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 275 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in First Industrial Realty Trust by 2.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 145,950 shares of the real estate investment trust’s stock valued at $6,946,000 after acquiring an additional 3,580 shares during the period. Cetera Trust Company N.A bought a new position in First Industrial Realty Trust during the 4th quarter worth approximately $237,000. Deutsche Bank AG increased its stake in First Industrial Realty Trust by 16.6% in the 3rd quarter. Deutsche Bank AG now owns 223,882 shares of the real estate investment trust’s stock worth $10,655,000 after purchasing an additional 31,887 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in First Industrial Realty Trust by 93.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 45,086 shares of the real estate investment trust’s stock valued at $2,146,000 after purchasing an additional 21,780 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wedbush cut shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $59.00 to $49.00 in a report on Thursday, April 25th. The Goldman Sachs Group boosted their price objective on shares of First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. lowered their price objective on shares of 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. TheStreet raised First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Finally, Mizuho reaffirmed a “buy” rating and set a $58.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.40.

First Industrial Realty Trust Stock Up 1.2 %

Shares of NYSE:FR opened at $47.25 on Monday. The firm has a market capitalization of $6.25 billion, a P/E ratio of 21.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $50.72 and a 200-day moving average price of $49.96. First Industrial Realty Trust, Inc. has a 52-week low of $40.44 and a 52-week high of $55.22.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.

First Industrial Realty Trust 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.