First Industrial Realty Trust, Inc. (NYSE:FR) Stock Position Raised by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FRFree Report) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,241 shares of the real estate investment trust’s stock after acquiring an additional 665 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in First Industrial Realty Trust were worth $513,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after acquiring an additional 747,101 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of First Industrial Realty Trust by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock worth $138,214,000 after buying an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of First Industrial Realty Trust by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock worth $122,182,000 after buying an additional 81,826 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of First Industrial Realty Trust by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock worth $96,133,000 after buying an additional 118,239 shares during the period. Finally, Rush Island Management LP acquired a new stake in shares of First Industrial Realty Trust in the third quarter worth $60,848,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

NYSE FR opened at $50.76 on Tuesday. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The stock’s 50-day moving average is $51.54 and its two-hundred day moving average is $53.25. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $6.72 billion, a P/E ratio of 21.78 and a beta of 1.08.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.92%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 63.52%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FR shares. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price for the company. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Hold” and a consensus target price of $57.38.

Check Out Our Latest Stock Report on First Industrial Realty Trust

First Industrial Realty Trust Company Profile

(Free Report)

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.

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

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