Greenwood Capital Associates LLC Has $620,000 Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Greenwood Capital Associates LLC decreased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,764 shares of the real estate investment trust’s stock after selling 250 shares during the quarter. Greenwood Capital Associates LLC’s holdings in First Industrial Realty Trust were worth $620,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. EdgeRock Capital LLC bought a new stake in First Industrial Realty Trust in the fourth quarter valued at about $56,000. C M Bidwell & Associates Ltd. raised its position in shares of First Industrial Realty Trust by 119.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,405 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 765 shares during the period. CWM LLC raised its position in shares of First Industrial Realty Trust by 31.9% in the 4th quarter. CWM LLC now owns 1,613 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 390 shares during the period. Covestor Ltd boosted its stake in First Industrial Realty Trust by 14.0% during the 3rd 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. Finally, Principal Securities Inc. acquired a new position in First Industrial Realty Trust during the fourth quarter valued at approximately $143,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Scotiabank cut their target price on shares of First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Wedbush downgraded First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $59.00 to $49.00 in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Mizuho restated a “buy” rating and issued a $58.00 price target on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. Finally, BNP Paribas assumed coverage on First Industrial Realty Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $57.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Hold” and an average price target of $53.42.

First Industrial Realty Trust Stock Down 0.1 %

Shares of NYSE FR traded down $0.03 during midday trading on Friday, reaching $47.49. The company’s stock had a trading volume of 737,139 shares, compared to its average volume of 768,877. The stock has a 50 day simple moving average of $47.58 and a 200-day simple moving average of $50.71. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.88 and a beta of 1.07. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.37 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 3.12%. First Industrial Realty Trust’s payout ratio is currently 68.20%.

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.