US Bancorp DE Lowers Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

US Bancorp DE decreased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 43,411 shares of the real estate investment trust’s stock after selling 588 shares during the period. US Bancorp DE’s holdings in First Industrial Realty Trust were worth $1,945,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of First Industrial Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 19,203,142 shares of the real estate investment trust’s stock valued at $1,188,867,000 after buying an additional 338,812 shares in the last quarter. State Street Corp lifted its stake in shares of First Industrial Realty Trust by 0.3% during the 2nd quarter. State Street Corp now owns 7,145,967 shares of the real estate investment trust’s stock valued at $341,325,000 after buying an additional 19,586 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in First Industrial Realty Trust by 1.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,151,789 shares of the real estate investment trust’s stock valued at $102,167,000 after acquiring an additional 24,329 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in First Industrial Realty Trust by 13.5% in the 1st quarter. Centersquare Investment Management LLC now owns 2,073,703 shares of the real estate investment trust’s stock valued at $128,383,000 after acquiring an additional 246,517 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in First Industrial Realty Trust by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,774,223 shares of the real estate investment trust’s stock valued at $109,843,000 after acquiring an additional 29,808 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FR. JPMorgan Chase & Co. upgraded shares of First Industrial Realty Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $53.00 to $56.00 in a report on Friday, December 16th. Barclays reduced their price target on shares of First Industrial Realty Trust from $71.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, October 13th. Finally, StockNews.com started coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.14.

First Industrial Realty Trust Trading Up 0.6 %

Shares of NYSE FR opened at $51.07 on Monday. The business’s 50 day moving average is $49.09 and its two-hundred day moving average is $49.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.06 and a quick ratio of 1.06. First Industrial Realty Trust, Inc. has a 1-year low of $42.91 and a 1-year high of $65.92. The stock has a market capitalization of $6.75 billion, a P/E ratio of 17.25 and a beta of 0.96.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be paid a dividend of $0.295 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.31%. First Industrial Realty Trust’s dividend payout ratio is 39.86%.

About First Industrial Realty Trust

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First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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