Cwm LLC Boosts Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Cwm LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 31.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,613 shares of the real estate investment trust’s stock after acquiring an additional 390 shares during the quarter. Cwm LLC’s holdings in First Industrial Realty Trust were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FR. Walleye Capital LLC grew its holdings in shares of First Industrial Realty Trust by 131.9% during the third quarter. Walleye Capital LLC now owns 800,655 shares of the real estate investment trust’s stock worth $38,103,000 after buying an additional 455,378 shares in the last quarter. Hsbc Holdings PLC raised its holdings in First Industrial Realty Trust by 22.0% in 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 acquiring an additional 403,887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in First Industrial Realty Trust by 27.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,311,911 shares of the real estate investment trust’s stock valued at $69,098,000 after acquiring an additional 283,634 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $11,229,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of First Industrial Realty Trust by 856.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 214,557 shares of the real estate investment trust’s stock worth $10,211,000 after purchasing an additional 192,126 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $47.43 on Wednesday. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $55.22. 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 company has a 50 day moving average price of $50.48 and a 200 day moving average price of $50.02. The stock has a market capitalization of $6.28 billion, a P/E ratio of 21.86 and a beta of 1.05.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 3.12%. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. The Goldman Sachs Group upped 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 report on Thursday, January 11th. Barclays reaffirmed an “equal weight” rating and set a $53.00 target price (down from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada increased their price target on shares of First Industrial Realty Trust from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.40.

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.