KBC Group NV Grows Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

KBC Group NV increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 1,669.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,657 shares of the real estate investment trust’s stock after buying an additional 56,285 shares during the quarter. KBC Group NV’s holdings in First Industrial Realty Trust were worth $2,991,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $28,000. UMB Bank n.a. lifted its holdings in First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 466 shares in the last quarter. Blue Trust Inc. boosted its position in shares of First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 636 shares during the period. Farther Finance Advisors LLC increased its stake in shares of First Industrial Realty Trust by 77.4% in the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 417 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 481 shares during the period. 99.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Hold” and an average price target of $57.38.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $53.45 on Friday. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average is $51.60 and its 200 day moving average is $53.45. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 22.94 and a beta of 1.08.

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.