First Industrial Realty Trust, Inc. (NYSE:FR) Stock Holdings Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.5% in the 4th quarter, Holdings Channel reports. The fund owned 28,116 shares of the real estate investment trust’s stock after buying an additional 952 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in First Industrial Realty Trust were worth $1,481,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FR. Covestor Ltd grew its position in shares of First Industrial Realty Trust by 14.0% during the third quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 241 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in First Industrial Realty Trust in the fourth quarter worth about $153,000. Trust Point Inc. acquired a new stake in First Industrial Realty Trust in the fourth quarter worth about $204,000. DAVENPORT & Co LLC acquired a new stake in First Industrial Realty Trust in the fourth quarter worth about $209,000. Finally, Shell Asset Management Co. lifted its holdings in First Industrial Realty Trust by 19.6% in the third quarter. Shell Asset Management Co. now owns 4,412 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 723 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of NYSE FR opened at $46.03 on Thursday. First Industrial Realty Trust, Inc. has a twelve month low of $40.44 and a twelve month high of $55.22. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 21.21 and a beta of 1.01. The firm has a 50-day moving average of $51.89 and a two-hundred day moving average of $49.89.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.32. This represents a $1.48 dividend on an annualized basis and a yield of 3.22%. First Industrial Realty Trust’s dividend payout ratio is currently 68.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently 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 shares of First Industrial Realty Trust from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Truist Financial upped their price objective on shares of First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of First Industrial Realty Trust from $41.00 to $47.00 and gave the stock a “sell” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $53.78.

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.