Inscription Capital LLC Has $1.17 Million Stock Holdings in First Industrial Realty Trust, Inc. $FR

Inscription Capital LLC lifted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 391.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,641 shares of the real estate investment trust’s stock after acquiring an additional 18,034 shares during the quarter. Inscription Capital LLC’s holdings in First Industrial Realty Trust were worth $1,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $39,000. Elevation Point Wealth Partners LLC bought a new position in shares of First Industrial Realty Trust in the second quarter valued at $40,000. SJS Investment Consulting Inc. bought a new position in shares of First Industrial Realty Trust in the third quarter valued at $47,000. True Wealth Design LLC increased its holdings in First Industrial Realty Trust by 988.7% during the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,137 shares during the last quarter. Finally, IFP Advisors Inc raised its position in First Industrial Realty Trust by 272.5% during the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 973 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FR. UBS Group set a $62.00 price objective on shares of First Industrial Realty Trust in a research note on Thursday, December 4th. Cantor Fitzgerald reiterated a “neutral” rating and set a $58.00 price target on shares of First Industrial Realty Trust in a report on Monday, January 5th. Robert W. Baird set a $64.00 price target on First Industrial Realty Trust in a research report on Thursday, January 8th. Truist Financial raised their price objective on First Industrial Realty Trust from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Friday, October 31st. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.46.

Insider Transactions at First Industrial Realty Trust

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at $220,054.90. This represents a 15.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.

First Industrial Realty Trust Stock Down 1.8%

First Industrial Realty Trust stock opened at $58.83 on Wednesday. The company’s 50-day moving average price is $57.70 and its two-hundred day moving average price is $53.75. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.79 billion, a P/E ratio of 32.87 and a beta of 1.14. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $60.20.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st were paid a $0.445 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.0%. First Industrial Realty Trust’s payout ratio is 99.44%.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.