First Industrial Realty Trust, Inc. $FR Holdings Boosted by Centersquare Investment Management LLC

Centersquare Investment Management LLC grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,649,757 shares of the real estate investment trust’s stock after buying an additional 252,650 shares during the period. First Industrial Realty Trust accounts for about 1.5% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 19th biggest holding. Centersquare Investment Management LLC owned 2.00% of First Industrial Realty Trust worth $151,752,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in shares of First Industrial Realty Trust by 1.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 179 shares during the last quarter. Assetmark Inc. raised its holdings in shares of First Industrial Realty Trust by 7.1% during the third quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 198 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of First Industrial Realty Trust by 2.0% during the third quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after buying an additional 211 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of First Industrial Realty Trust by 0.6% during the third quarter. Intech Investment Management LLC now owns 40,807 shares of the real estate investment trust’s stock valued at $2,100,000 after buying an additional 237 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of First Industrial Realty Trust by 9.4% during the fourth quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 242 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

NYSE FR opened at $62.80 on Friday. First Industrial Realty Trust, Inc. has a 12 month low of $47.36 and a 12 month high of $64.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $8.32 billion, a PE ratio of 24.34 and a beta of 1.05. The company’s 50 day simple moving average is $61.68 and its 200 day simple moving average is $59.88.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 77.52%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FR shares. KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday. Robert W. Baird lifted their price target on First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of First Industrial Realty Trust in a report on Monday, April 27th. Truist Financial raised their price objective on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company lowered their price objective on shares of 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, June 1st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.93.

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.