First Industrial Realty Trust, Inc. $FR Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 21.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 194,795 shares of the real estate investment trust’s stock after buying an additional 34,655 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of First Industrial Realty Trust worth $10,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jump Financial LLC purchased a new position in First Industrial Realty Trust in the second quarter valued at about $4,795,000. Inscription Capital LLC boosted its position in shares of First Industrial Realty Trust by 391.4% in the third quarter. Inscription Capital LLC now owns 22,641 shares of the real estate investment trust’s stock worth $1,165,000 after buying an additional 18,034 shares during the period. Hunter Perkins Capital Management LLC acquired a new stake in shares of First Industrial Realty Trust in the second quarter valued at about $746,000. SG Americas Securities LLC raised its holdings in shares of First Industrial Realty Trust by 1,112.1% during the 3rd quarter. SG Americas Securities LLC now owns 82,979 shares of the real estate investment trust’s stock valued at $4,271,000 after buying an additional 76,133 shares during the period. Finally, Bank of Stockton acquired a new position in First Industrial Realty Trust during the 3rd quarter worth approximately $946,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $57.36 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $60.20. The company’s 50-day simple moving average is $57.80 and its 200-day simple moving average is $53.91. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 32.04 and a beta of 1.14.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Wednesday, December 31st were given a $0.445 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.1%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

Insider Buying and Selling at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

FR has been the subject of several recent research reports. Truist Financial increased their price objective on shares of First Industrial Realty Trust from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Robert W. Baird set a $64.00 price target on shares of First Industrial Realty Trust in a report on Thursday, January 8th. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Friday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $58.00 target price on shares of First Industrial Realty Trust in a research report on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.46.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.