First Industrial Realty Trust, Inc. (NYSE:FR) Stock Position Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 235,716 shares of the real estate investment trust’s stock after acquiring an additional 460 shares during the period. State of Alaska Department of Revenue’s holdings in First Industrial Realty Trust were worth $12,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mariner LLC increased its position in shares of First Industrial Realty Trust by 48.0% in the third quarter. Mariner LLC now owns 14,586 shares of the real estate investment trust’s stock worth $694,000 after acquiring an additional 4,731 shares in the last quarter. Natixis Advisors L.P. grew its position in First Industrial Realty Trust by 1.3% during the third quarter. Natixis Advisors L.P. now owns 23,647 shares of the real estate investment trust’s stock valued at $1,125,000 after purchasing an additional 303 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in First Industrial Realty Trust by 201.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 17,097 shares of the real estate investment trust’s stock valued at $814,000 after purchasing an additional 11,424 shares in the last quarter. Qube Research & Technologies Ltd grew its position in First Industrial Realty Trust by 856.5% during 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 in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in First Industrial Realty Trust during the third quarter valued at approximately $445,000. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Up 0.2 %

Shares of NYSE:FR opened at $47.60 on Thursday. First Industrial Realty Trust, Inc. has a 12 month low of $40.44 and a 12 month high of $55.22. The company’s 50-day moving average price is $47.10 and its two-hundred day moving average price is $50.46. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.30 billion, a P/E ratio of 21.93 and a beta of 1.07.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.11%. First Industrial Realty Trust’s payout ratio is presently 68.20%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Scotiabank lowered their price objective on shares of First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Robert W. Baird reduced their target price on shares of First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. BNP Paribas assumed coverage on shares of First Industrial Realty Trust in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $57.00 target price for the company. Wedbush cut shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $59.00 to $49.00 in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.42.

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.