Cwm LLC Boosts Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Cwm LLC grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 31.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,613 shares of the real estate investment trust’s stock after purchasing an additional 390 shares during the period. Cwm LLC’s holdings in First Industrial Realty Trust were worth $85,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FR. PNC Financial Services Group Inc. lifted its stake in shares of First Industrial Realty Trust by 3.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,009 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 275 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in First Industrial Realty Trust by 2.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 145,950 shares of the real estate investment trust’s stock valued at $6,946,000 after buying an additional 3,580 shares during the period. Deutsche Bank AG boosted its holdings in shares of First Industrial Realty Trust by 16.6% during the 3rd quarter. Deutsche Bank AG now owns 223,882 shares of the real estate investment trust’s stock valued at $10,655,000 after buying an additional 31,887 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of First Industrial Realty Trust by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 45,086 shares of the real estate investment trust’s stock worth $2,146,000 after buying an additional 21,780 shares during the period. Finally, Pathstone Family Office LLC bought a new position in shares of First Industrial Realty Trust in the 3rd quarter worth about $552,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $47.43 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 21.86 and a beta of 1.05. The business has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $50.02. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $55.22.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.12%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 68.20%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FR shares. Royal Bank of Canada upped their price objective on shares of First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. TheStreet raised First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. lowered their price objective on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their target price on First Industrial Realty Trust from $41.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday, January 11th. Finally, Mizuho reaffirmed 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.40.

First Industrial Realty Trust 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.