VIRGINIA RETIREMENT SYSTEMS ET Al Sells 11,100 Shares of First Industrial Realty Trust, Inc. $FR

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,090 shares of the real estate investment trust’s stock after selling 11,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in First Industrial Realty Trust were worth $14,953,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new position in First Industrial Realty Trust during the third quarter worth about $26,000. Danske Bank A S bought a new position in First Industrial Realty Trust during the third quarter worth about $51,000. Fulcrum Asset Management LLP bought a new position in First Industrial Realty Trust during the third quarter worth about $79,000. Fifth Third Bancorp increased its position in First Industrial Realty Trust by 16.0% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 242 shares during the period. Finally, Advisory Services Network LLC bought a new position in First Industrial Realty Trust during the third quarter worth about $97,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Trading Down 0.8%

Shares of First Industrial Realty Trust stock opened at $61.86 on Thursday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 23.98 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. First Industrial Realty Trust, Inc. has a 12-month low of $47.36 and a 12-month high of $64.66. The firm’s 50-day moving average price is $60.69 and its two-hundred day moving average price is $58.97.

First Industrial Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

FR has been the topic of a number of recent research reports. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Robert W. Baird raised their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Scotiabank raised their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Finally, Royal Bank Of Canada raised their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $63.57.

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.