Friedenthal Financial Purchases Shares of 16,939 First Industrial Realty Trust, Inc. $FR

Friedenthal Financial purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,939 shares of the real estate investment trust’s stock, valued at approximately $980,000.

Several other large investors also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its position in shares of First Industrial Realty Trust by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 183 shares during the period. SG Americas Securities LLC grew its holdings in First Industrial Realty Trust by 40.4% in the first quarter. SG Americas Securities LLC now owns 257,711 shares of the real estate investment trust’s stock worth $14,909,000 after purchasing an additional 74,181 shares during the period. Fortem Financial Group LLC grew its holdings in First Industrial Realty Trust by 65.9% in the first quarter. Fortem Financial Group LLC now owns 8,205 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 3,258 shares during the period. Hsbc Holdings PLC increased its stake in First Industrial Realty Trust by 18.1% in the fourth quarter. Hsbc Holdings PLC now owns 218,448 shares of the real estate investment trust’s stock valued at $12,513,000 after purchasing an additional 33,478 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in First Industrial Realty Trust by 165.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,229 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 1,388 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 0.3%

NYSE FR opened at $63.44 on Thursday. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 24.59 and a beta of 1.05. First Industrial Realty Trust, Inc. has a one year low of $47.36 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.04. The business’s fifty day moving average is $62.25 and its 200-day moving average is $60.25.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 77.52%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped 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. 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. Cantor Fitzgerald reiterated a “neutral” rating and issued a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.93.

First Industrial Realty Trust 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.