First Industrial Realty Trust, Inc. $FR Shares Purchased by Centersquare Investment Management LLC

Centersquare Investment Management LLC boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 10.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,649,757 shares of the real estate investment trust’s stock after buying an additional 252,650 shares during the quarter. First Industrial Realty Trust accounts for 1.5% of Centersquare Investment Management LLC’s holdings, making the stock its 19th largest position. Centersquare Investment Management LLC’s holdings in First Industrial Realty Trust were worth $151,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC acquired a new position in First Industrial Realty Trust in the third quarter worth approximately $26,000. Parallel Advisors LLC grew its position in First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares during the last quarter. Danske Bank A S acquired a new position in First Industrial Realty Trust in the third quarter worth approximately $51,000. Fulcrum Asset Management LLP acquired a new position in First Industrial Realty Trust in the third quarter worth approximately $79,000. Finally, Advisory Services Network LLC acquired a new position in First Industrial Realty Trust in the third quarter worth approximately $97,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 0.6%

First Industrial Realty Trust stock opened at $62.80 on Friday. The company has a 50 day moving average price of $61.68 and a 200 day moving average price of $59.88. First Industrial Realty Trust, Inc. has a 52 week low of $47.36 and a 52 week high of $64.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 24.34 and a beta of 1.05.

First Industrial Realty Trust Announces Dividend

The company 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 $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 77.52%.

Analyst Ratings Changes

Several research analysts have issued reports on FR shares. Wells Fargo & Company decreased their price target 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 report on Monday, June 1st. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. 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. Finally, Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.93.

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.