17,838 Shares in First Industrial Realty Trust, Inc. $FR Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,838 shares of the real estate investment trust’s stock, valued at approximately $1,022,000.

Other hedge funds have also added to or reduced their stakes in the company. Citadel Advisors LLC raised its stake in First Industrial Realty Trust by 70.8% during the 3rd quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock worth $128,581,000 after buying an additional 1,035,385 shares during the period. M&T Bank Corp acquired a new stake in shares of First Industrial Realty Trust in the 4th quarter valued at about $1,134,000. Hudson Bay Capital Management LP acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at about $20,172,000. Lasalle Investment Management Securities LLC raised its stake in shares of First Industrial Realty Trust by 12.6% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 733,289 shares of the real estate investment trust’s stock valued at $37,742,000 after purchasing an additional 81,878 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of First Industrial Realty Trust by 52.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 71,574 shares of the real estate investment trust’s stock valued at $3,684,000 after purchasing an additional 24,500 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FR shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Weiss Ratings raised First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Wells Fargo & Company dropped their price target on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Scotiabank lifted their price target on First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $63.93.

First Industrial Realty Trust Price Performance

Shares of NYSE FR opened at $60.44 on Thursday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 23.43 and a beta of 1.05. The business has a 50-day moving average of $61.16 and a 200-day moving average of $59.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.04. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.36 and a fifty-two week high of $64.66.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.

First Industrial Realty Trust 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.