First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,986 shares of the real estate investment trust’s stock after selling 2,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in First Industrial Realty Trust were worth $2,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FR. PNC Financial Services Group Inc. raised its stake in shares of First Industrial Realty Trust by 3.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,009 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 275 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in First Industrial Realty Trust during the 3rd quarter worth about $452,000. Envestnet Asset Management Inc. increased its holdings in First Industrial Realty Trust by 14.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 257,453 shares of the real estate investment trust’s stock worth $12,252,000 after purchasing an additional 32,494 shares during the period. Invesco Ltd. increased its holdings in First Industrial Realty Trust by 3.3% during the 3rd quarter. Invesco Ltd. now owns 1,143,719 shares of the real estate investment trust’s stock worth $54,430,000 after purchasing an additional 36,886 shares during the period. Finally, Dark Forest Capital Management LP increased its holdings in First Industrial Realty Trust by 443.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 26,241 shares of the real estate investment trust’s stock worth $1,249,000 after purchasing an additional 21,415 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Down 1.1 %

NYSE FR opened at $47.05 on Friday. The firm’s fifty day moving average is $47.19 and its two-hundred day moving average is $50.66. First Industrial Realty Trust, Inc. has a one year low of $40.44 and a one year high of $55.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $6.23 billion, a PE ratio of 21.68 and a beta of 1.07.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird lowered their price target on shares of First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Scotiabank dropped their target price on First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. cut their price target on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Wedbush cut First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $59.00 to $49.00 in a research report on Thursday, April 25th. Finally, Barclays reissued an “equal weight” rating and set a $53.00 target price (down previously from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus 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.