Hsbc Holdings PLC Acquires 33,478 Shares of First Industrial Realty Trust, Inc. $FR

Hsbc Holdings PLC boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 18.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 218,448 shares of the real estate investment trust’s stock after acquiring an additional 33,478 shares during the period. Hsbc Holdings PLC owned 0.16% of First Industrial Realty Trust worth $12,513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FR. Citadel Advisors LLC increased its holdings in First Industrial Realty Trust by 70.8% in the third quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock valued at $128,581,000 after purchasing an additional 1,035,385 shares during the last quarter. M&T Bank Corp bought a new position in First Industrial Realty Trust during the fourth quarter worth about $1,134,000. Hudson Bay Capital Management LP acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth about $20,172,000. NewSquare Capital LLC grew its position in shares of First Industrial Realty Trust by 50,026.4% during the 3rd quarter. NewSquare Capital LLC now owns 26,567 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 26,514 shares during the period. Finally, Handelsbanken Fonder AB increased 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 acquiring an additional 24,500 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FR shares. Robert W. Baird increased their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 27th. Wells Fargo & Company cut their target price on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Finally, Scotiabank lifted their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.93.

First Industrial Realty Trust Trading Down 0.5%

NYSE FR opened at $63.08 on Friday. First Industrial Realty Trust, Inc. has a one year low of $47.36 and a one year 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 cap of $8.36 billion, a P/E ratio of 24.45 and a beta of 1.05. The stock’s 50-day moving average is $62.29 and its 200-day moving average is $60.29.

First Industrial Realty Trust Announces Dividend

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