First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Hazelview Securities Inc.

Hazelview Securities Inc. decreased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 89.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,600 shares of the real estate investment trust’s stock after selling 14,000 shares during the quarter. Hazelview Securities Inc.’s holdings in First Industrial Realty Trust were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Michigan Retirement System boosted its position in First Industrial Realty Trust by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 31,768 shares of the real estate investment trust’s stock worth $1,673,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd boosted its position in 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. PNC Financial Services Group Inc. boosted its position in First Industrial Realty Trust by 3.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,009 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 275 shares during the last quarter. Natixis Advisors L.P. raised its stake in First Industrial Realty Trust by 1.3% during the third quarter. Natixis Advisors L.P. now owns 23,647 shares of the real estate investment trust’s stock worth $1,125,000 after purchasing an additional 303 shares during the period. Finally, Vanderbilt University raised its stake in First Industrial Realty Trust by 6.7% during the fourth quarter. Vanderbilt University now owns 5,033 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 316 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Down 0.6 %

NYSE FR traded down $0.30 on Wednesday, hitting $47.12. 309,094 shares of the stock were exchanged, compared to its average volume of 1,057,438. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $55.22. The company has a market cap of $6.24 billion, a PE ratio of 21.96 and a beta of 1.07. The company has a 50-day moving average price of $47.00 and a 200-day moving average price of $50.64.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.

Wall Street Analysts Forecast Growth

FR has been the topic of a number of analyst reports. BNP Paribas initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday, June 4th. They set an “outperform” rating and a $57.00 target price on the stock. Scotiabank reduced 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 research note on Thursday, May 16th. Mizuho reaffirmed a “buy” rating and set a $58.00 target price on shares of First Industrial Realty Trust in a research note on Tuesday, April 2nd. Wedbush downgraded shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $59.00 to $49.00 in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.42.

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.