Pacer Advisors Inc. Trims Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Pacer Advisors Inc. trimmed its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 36.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,478 shares of the real estate investment trust’s stock after selling 66,959 shares during the period. Pacer Advisors Inc.’s holdings in First Industrial Realty Trust were worth $5,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its position in shares of First Industrial Realty Trust by 297.2% in the second quarter. Squarepoint Ops LLC now owns 35,145 shares of the real estate investment trust’s stock worth $1,670,000 after acquiring an additional 26,297 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Industrial Realty Trust by 8.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,221 shares of the real estate investment trust’s stock valued at $581,000 after purchasing an additional 952 shares during the last quarter. Quarry LP grew its stake in shares of First Industrial Realty Trust by 30.8% during the 2nd quarter. Quarry LP now owns 2,654 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 625 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of First Industrial Realty Trust in the 2nd quarter worth $271,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in First Industrial Realty Trust in the second quarter valued at $98,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $52.91 on Thursday. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35. The stock has a market cap of $7.00 billion, a P/E ratio of 22.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50-day moving average of $51.59 and a two-hundred day moving average of $53.43.

Analyst Ratings Changes

Several equities research analysts have commented on FR shares. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Barclays dropped their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $57.38.

About First Industrial Realty Trust

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.