Thrivent Financial for Lutherans Purchases 63,112 Shares of First Industrial Realty Trust, Inc. $FR

Thrivent Financial for Lutherans raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,134,890 shares of the real estate investment trust’s stock after purchasing an additional 63,112 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Industrial Realty Trust were worth $109,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. AlphaQuest LLC grew its position in shares of First Industrial Realty Trust by 0.5% during the 3rd quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock valued at $2,132,000 after acquiring an additional 193 shares during the period. Global Retirement Partners LLC lifted its stake in First Industrial Realty Trust by 3.6% in the third quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 195 shares during the last quarter. ProShare Advisors LLC grew its holdings in First Industrial Realty Trust by 4.0% during the second quarter. ProShare Advisors LLC now owns 5,870 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 228 shares during the period. Corient Private Wealth LLC increased its position in First Industrial Realty Trust by 0.9% in the second quarter. Corient Private Wealth LLC now owns 26,595 shares of the real estate investment trust’s stock worth $1,280,000 after buying an additional 229 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of First Industrial Realty Trust by 0.4% in the second quarter. Amalgamated Bank now owns 60,879 shares of the real estate investment trust’s stock valued at $2,930,000 after buying an additional 257 shares during the period. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Down 0.3%

NYSE:FR opened at $57.99 on Friday. The firm has a market capitalization of $7.68 billion, a P/E ratio of 32.40 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $57.99 and a 200 day moving average of $54.20. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $60.20.

Insider Buying and Selling at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive owned 3,770 shares in the company, valued at approximately $220,054.90. The trade was a 15.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

FR has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Wednesday. Wells Fargo & Company increased their target price on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Monday, January 5th. Robert W. Baird set a $64.00 price objective on First Industrial Realty Trust in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group raised their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.46.

First Industrial Realty Trust Company 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.