Allstate Corp Has $2.60 Million Holdings in First Industrial Realty Trust, Inc. $FR

Allstate Corp lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 70.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,318 shares of the real estate investment trust’s stock after purchasing an additional 18,780 shares during the quarter. Allstate Corp’s holdings in First Industrial Realty Trust were worth $2,595,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its holdings in First Industrial Realty Trust by 1.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 179 shares during the period. AlphaQuest LLC grew its holdings in First Industrial Realty Trust by 0.5% in the third quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock worth $2,132,000 after purchasing an additional 193 shares during the period. Assetmark Inc. grew its holdings in First Industrial Realty Trust by 7.1% in the third quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 198 shares during the period. Quadrant Capital Group LLC grew its holdings in First Industrial Realty Trust by 2.0% in the third quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 211 shares during the period. Finally, Intech Investment Management LLC grew its holdings in First Industrial Realty Trust by 0.6% in the third quarter. Intech Investment Management LLC now owns 40,807 shares of the real estate investment trust’s stock worth $2,100,000 after purchasing an additional 237 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Down 1.5%

FR opened at $63.10 on Thursday. 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 company’s 50-day moving average is $60.96 and its 200 day moving average is $59.45. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.36 and a fifty-two week high of $64.66. The firm has a market capitalization of $8.36 billion, a P/E ratio of 24.46 and a beta of 1.07.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be given 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 of this dividend is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.

Analyst Upgrades and Downgrades

FR has been the topic of a number of recent research reports. Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Royal Bank Of Canada raised their price objective on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.64.

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.