Savant Capital LLC Reduces Holdings in First Industrial Realty Trust, Inc. $FR

Savant Capital LLC reduced its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 71.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,111 shares of the real estate investment trust’s stock after selling 20,317 shares during the quarter. Savant Capital LLC’s holdings in First Industrial Realty Trust were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FR. Crossmark Global Holdings Inc. grew its holdings in shares of First Industrial Realty Trust by 1.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 179 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of First Industrial Realty Trust by 7.1% in the 3rd quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 198 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 211 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of First Industrial Realty Trust by 0.6% in the 3rd quarter. Intech Investment Management LLC now owns 40,807 shares of the real estate investment trust’s stock valued at $2,100,000 after purchasing an additional 237 shares during the period. Finally, Signaturefd LLC boosted its position in shares of First Industrial Realty Trust by 9.4% in the 4th quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 242 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $61.64 on Friday. The stock’s 50-day moving average price is $61.24 and its 200 day moving average price is $59.66. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $8.17 billion, a PE ratio of 23.89 and a beta of 1.05. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. First Industrial Realty Trust’s payout ratio is presently 77.52%.

Wall Street Analysts Forecast Growth

FR has been the topic of several research analyst reports. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Truist Financial increased their price objective on First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 15th. Royal Bank Of Canada raised their target price on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Citigroup lifted 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 report on Tuesday, February 10th. Finally, Scotiabank upped their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.93.

About First Industrial Realty Trust

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.