Hazelview Securities Inc. Reduces Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Hazelview Securities Inc. decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 89.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,600 shares of the real estate investment trust’s stock after selling 14,000 shares during the period. Hazelview Securities Inc.’s holdings in First Industrial Realty Trust were worth $83,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State of Michigan Retirement System increased its holdings in shares of First Industrial Realty Trust by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 31,768 shares of the real estate investment trust’s stock worth $1,673,000 after purchasing an additional 200 shares during the period. Covestor Ltd increased its stake in First Industrial Realty Trust by 14.0% in the third quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 241 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in First Industrial Realty Trust by 3.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,009 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 275 shares during the last quarter. Natixis Advisors L.P. increased its stake in First Industrial Realty Trust by 1.3% in the third quarter. Natixis Advisors L.P. now owns 23,647 shares of the real estate investment trust’s stock valued at $1,125,000 after acquiring an additional 303 shares during the last quarter. Finally, Vanderbilt University increased its stake in First Industrial Realty Trust by 6.7% in the fourth quarter. Vanderbilt University now owns 5,033 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

FR has been the subject of several analyst reports. Barclays restated an “equal weight” rating and set a $53.00 price target (down from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. Mizuho reiterated a “buy” rating and set a $58.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. Scotiabank dropped their target price on shares of First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. BNP Paribas assumed coverage on shares of First Industrial Realty Trust in a report on Tuesday, June 4th. They set an “outperform” rating and a $57.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.42.

First Industrial Realty Trust Stock Down 0.6 %

Shares of NYSE FR traded down $0.30 on Wednesday, reaching $47.12. 309,094 shares of the company’s stock traded hands, compared to its average volume of 1,057,438. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 21.96 and a beta of 1.07. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is $47.00 and its two-hundred day simple moving average is $50.64. First Industrial Realty Trust, Inc. has a 12 month low of $40.44 and a 12 month high of $55.22.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 68.20%.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.