Hennion & Walsh Asset Management Inc. Boosts Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Hennion & Walsh Asset Management Inc. raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 38.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,090 shares of the real estate investment trust’s stock after purchasing an additional 1,693 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in First Industrial Realty Trust were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FR. Centersquare Investment Management LLC boosted its stake in shares of First Industrial Realty Trust by 23.6% in the fourth quarter. Centersquare Investment Management LLC now owns 4,551,501 shares of the real estate investment trust’s stock valued at $239,728,000 after buying an additional 869,676 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of First Industrial Realty Trust by 14.9% during the 4th quarter. Nomura Holdings Inc. now owns 3,110,986 shares of the real estate investment trust’s stock worth $163,856,000 after purchasing an additional 402,744 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Industrial Realty Trust by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,655 shares of the real estate investment trust’s stock worth $143,943,000 after purchasing an additional 158,722 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of First Industrial Realty Trust by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,042,028 shares of the real estate investment trust’s stock valued at $107,554,000 after purchasing an additional 60,658 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of First Industrial Realty Trust by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,910,754 shares of the real estate investment trust’s stock valued at $100,642,000 after purchasing an additional 23,689 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of research analyst reports. Scotiabank dropped their target price on shares of First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Mizuho reaffirmed a “buy” rating and issued a $58.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, April 2nd. Barclays reiterated 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 report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price target on 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, 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 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.42.

First Industrial Realty Trust Stock Up 0.2 %

Shares of NYSE FR opened at $47.60 on Thursday. The firm’s 50 day moving average price is $47.10 and its 200 day moving average price is $50.46. 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 $6.30 billion, a P/E ratio of 21.93 and a beta of 1.07. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.

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.