Park Avenue Securities LLC Grows Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Park Avenue Securities LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,124 shares of the real estate investment trust’s stock after buying an additional 1,304 shares during the quarter. Park Avenue Securities LLC’s holdings in First Industrial Realty Trust were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Synovus Financial Corp grew its holdings in First Industrial Realty Trust by 96.3% during the 3rd quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock worth $1,588,000 after acquiring an additional 13,922 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of First Industrial Realty Trust by 42.9% during the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock worth $10,546,000 after purchasing an additional 58,088 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in First Industrial Realty Trust by 17.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust’s stock worth $25,271,000 after purchasing an additional 79,515 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in First Industrial Realty Trust by 2,886.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock valued at $1,055,000 after buying an additional 18,212 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in First Industrial Realty Trust by 77.7% during the second quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust’s stock valued at $6,813,000 after buying an additional 62,700 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

First Industrial Realty Trust Trading Up 1.2 %

First Industrial Realty Trust stock opened at $53.01 on Friday. The firm has a 50-day moving average price of $51.53 and a two-hundred day moving average price of $53.29. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 22.75 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

First Industrial Realty Trust Company 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.