Mutual of America Capital Management LLC Reduces Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Mutual of America Capital Management LLC reduced its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,815 shares of the real estate investment trust’s stock after selling 2,924 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of First Industrial Realty Trust worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Walleye Trading LLC grew its holdings in First Industrial Realty Trust by 289.6% during the 3rd quarter. Walleye Trading LLC now owns 63,972 shares of the real estate investment trust’s stock valued at $3,044,000 after purchasing an additional 47,554 shares during the last quarter. Deutsche Bank AG grew its holdings in First Industrial Realty Trust by 16.6% during the 3rd quarter. Deutsche Bank AG now owns 223,882 shares of the real estate investment trust’s stock valued at $10,655,000 after purchasing an additional 31,887 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in First Industrial Realty Trust during the 3rd quarter valued at about $220,000. Citigroup Inc. grew its holdings in First Industrial Realty Trust by 31.8% during the 3rd quarter. Citigroup Inc. now owns 80,220 shares of the real estate investment trust’s stock valued at $3,818,000 after purchasing an additional 19,376 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in First Industrial Realty Trust by 93.5% during the 3rd 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. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 2.0 %

NYSE:FR opened at $48.85 on Thursday. First Industrial Realty Trust, Inc. has a 52 week low of $40.44 and a 52 week high of $55.22. The firm has a 50 day moving average of $47.30 and a 200 day moving average of $50.30. 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 stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 22.51 and a beta of 1.07.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.03%. First Industrial Realty Trust’s payout ratio is 68.20%.

Analysts Set New Price Targets

FR has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of 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. Wedbush cut shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $59.00 to $49.00 in a research report on Thursday, April 25th. Mizuho reissued a “buy” rating and issued a $58.00 price objective on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. 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 report on Wednesday, April 24th. Finally, Barclays reissued 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.42.

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.