OVERSEA CHINESE BANKING Corp Ltd Has $305,000 Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 88.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,796 shares of the real estate investment trust’s stock after selling 43,987 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in First Industrial Realty Trust were worth $305,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nomura Holdings Inc. lifted its holdings in shares of First Industrial Realty Trust by 192.7% in the first quarter. Nomura Holdings Inc. now owns 3,088,269 shares of the real estate investment trust’s stock valued at $164,296,000 after purchasing an additional 2,033,000 shares in the last quarter. Norges Bank acquired a new position in First Industrial Realty Trust during the fourth quarter valued at $70,783,000. JPMorgan Chase & Co. lifted its stake in First Industrial Realty Trust by 92.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,799,425 shares of the real estate investment trust’s stock worth $148,929,000 after acquiring an additional 1,342,783 shares in the last quarter. Alliancebernstein L.P. boosted its position in First Industrial Realty Trust by 469.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,576,944 shares of the real estate investment trust’s stock worth $83,010,000 after acquiring an additional 1,299,944 shares during the period. Finally, State Street Corp grew its stake in First Industrial Realty Trust by 13.4% during the 1st quarter. State Street Corp now owns 7,126,381 shares of the real estate investment trust’s stock valued at $443,256,000 after acquiring an additional 844,833 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 1.0 %

First Industrial Realty Trust stock opened at $45.63 on Monday. First Industrial Realty Trust, Inc. has a one year low of $40.44 and a one year high of $55.22. The company’s fifty day moving average price is $52.36 and its two-hundred day moving average price is $49.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.06. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 21.03 and a beta of 1.01.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.37 per share. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FR. Mizuho reissued a “buy” rating and issued a $58.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Barclays reiterated an “equal weight” rating and issued a $53.00 target price (down previously from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price target on shares of First Industrial Realty Trust from $51.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Truist Financial upped their price target on shares of First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, TheStreet raised First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $55.30.

First Industrial Realty Trust Company 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.