First Industrial Realty Trust, Inc. $FR Stock Holdings Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,143,459 shares of the real estate investment trust’s stock after acquiring an additional 8,569 shares during the period. Thrivent Financial for Lutherans owned 1.62% of First Industrial Realty Trust worth $122,756,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of 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 in the 3rd quarter valued at about $51,000. Fulcrum Asset Management LLP bought a new position in First Industrial Realty Trust in the 3rd quarter valued at about $79,000. Advisory Services Network LLC bought a new position in First Industrial Realty Trust in the 3rd quarter valued at about $97,000. Finally, Fifth Third Bancorp grew its position in First Industrial Realty Trust by 16.0% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 242 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $61.40 on Friday. The firm has a 50-day moving average price of $60.67 and a 200 day moving average price of $59.01. The firm has a market capitalization of $8.14 billion, a PE ratio of 23.80 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 52-week low of $47.36 and a 52-week high of $64.66.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 77.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Wall Street Zen upgraded 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 increased their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Finally, Citigroup increased their target price on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.