Strs Ohio Buys 196,995 Shares of First Industrial Realty Trust, Inc. $FR

Strs Ohio boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 73.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 464,562 shares of the real estate investment trust’s stock after buying an additional 196,995 shares during the period. Strs Ohio owned approximately 0.35% of First Industrial Realty Trust worth $26,875,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FR. Measured Wealth Private Client Group LLC bought a new stake in shares of First Industrial Realty Trust during the third quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in shares of First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 291 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of First Industrial Realty Trust by 64.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 301 shares during the period. Danske Bank A S bought a new position in shares of First Industrial Realty Trust during the third quarter worth approximately $51,000. Finally, Parkside Financial Bank & Trust lifted its holdings in First Industrial Realty Trust by 27.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 262 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $62.35 on Friday. The stock has a fifty day moving average price of $62.21 and a 200-day moving average price of $60.45. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.38 and a fifty-two week high of $64.66.

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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is currently 77.52%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FR shares. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.93.

About First Industrial Realty Trust

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.