Van ECK Associates Corp Has $2.45 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Van ECK Associates Corp grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,553 shares of the real estate investment trust’s stock after buying an additional 5,947 shares during the quarter. Van ECK Associates Corp’s holdings in First Industrial Realty Trust were worth $2,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FR. Commonwealth Equity Services LLC increased its stake in shares of First Industrial Realty Trust by 6.2% in the third quarter. Commonwealth Equity Services LLC now owns 74,187 shares of the real estate investment trust’s stock valued at $3,531,000 after buying an additional 4,362 shares in the last quarter. Raymond James & Associates increased its position in First Industrial Realty Trust by 8.0% in the third quarter. Raymond James & Associates now owns 18,098 shares of the real estate investment trust’s stock worth $861,000 after purchasing an additional 1,344 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in First Industrial Realty Trust by 9.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,536 shares of the real estate investment trust’s stock worth $3,452,000 after purchasing an additional 6,203 shares during the period. Mackenzie Financial Corp acquired a new stake in First Industrial Realty Trust in the third quarter worth about $326,000. Finally, Strs Ohio increased its position in First Industrial Realty Trust by 35.8% in the third quarter. Strs Ohio now owns 297,470 shares of the real estate investment trust’s stock worth $14,156,000 after purchasing an additional 78,369 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FR shares. TheStreet upgraded First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. lowered their price objective on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Barclays reiterated an “equal weight” rating and issued a $53.00 price objective (down from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. Robert W. Baird reduced their target price on First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Truist Financial raised their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.40.

First Industrial Realty Trust Trading Up 1.0 %

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 current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $6.28 billion, a PE ratio of 21.86 and a beta of 1.05. The business’s 50-day simple moving average is $50.48 and its 200-day simple moving average is $50.02.

First Industrial Realty Trust Dividend Announcement

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

About First Industrial Realty Trust

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.