Goldman Sachs Group Inc. Has $39.37 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Goldman Sachs Group Inc. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 37.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 747,435 shares of the real estate investment trust’s stock after selling 445,642 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.56% of First Industrial Realty Trust worth $39,367,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of First Industrial Realty Trust by 3.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,009 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 275 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth about $452,000. Envestnet Asset Management Inc. raised its position in shares of First Industrial Realty Trust by 14.4% in 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 acquiring an additional 32,494 shares in the last quarter. Invesco Ltd. lifted its stake in shares of First Industrial Realty Trust by 3.3% in the 3rd quarter. Invesco Ltd. now owns 1,143,719 shares of the real estate investment trust’s stock valued at $54,430,000 after purchasing an additional 36,886 shares during the period. Finally, Dark Forest Capital Management LP boosted its position in shares of 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 valued at $1,249,000 after purchasing an additional 21,415 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $47.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.25 billion, a PE ratio of 21.77 and a beta of 1.07. The stock’s fifty day simple moving average is $47.11 and its two-hundred day simple moving average is $50.65. First Industrial Realty Trust, Inc. has a 1-year low of $40.44 and a 1-year high of $55.22.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Scotiabank dropped their price target on First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Barclays reissued an “equal weight” rating and set a $53.00 target price (down from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. BNP Paribas started 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 price target for the company. Wedbush cut shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $59.00 to $49.00 in a research report on Thursday, April 25th. Finally, Mizuho reaffirmed a “buy” rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.42.

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.