Thrivent Financial for Lutherans Has $109.88 Million Stake in First Industrial Realty Trust, Inc. $FR

Thrivent Financial for Lutherans lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,134,890 shares of the real estate investment trust’s stock after buying an additional 63,112 shares during the period. Thrivent Financial for Lutherans owned about 1.61% of First Industrial Realty Trust worth $109,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new stake in First Industrial Realty Trust during the 3rd quarter worth about $39,000. Elevation Point Wealth Partners LLC bought a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at about $40,000. SJS Investment Consulting Inc. acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $47,000. True Wealth Design LLC raised its holdings in First Industrial Realty Trust by 988.7% during the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,137 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in First Industrial Realty Trust by 272.5% during the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 973 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Insider Buying and Selling at First Industrial Realty Trust

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Wednesday. Royal Bank Of Canada upped their target price on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Industrial Alliance Securities set a $67.00 target price on shares of First Industrial Realty Trust in a research note on Monday, January 5th. Mizuho boosted their price target on First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Finally, Robert W. Baird set a $64.00 price objective on First Industrial Realty Trust in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.46.

First Industrial Realty Trust Stock Down 0.3%

NYSE:FR opened at $57.99 on Friday. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $60.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $7.68 billion, a PE ratio of 32.40 and a beta of 1.14. The firm’s 50 day simple moving average is $57.99 and its 200 day simple moving average is $54.20.

About First Industrial Realty Trust

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.