Strs Ohio Has $26.88 Million Stock Holdings in First Industrial Realty Trust, Inc. $FR

Strs Ohio boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 73.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 464,562 shares of the real estate investment trust’s stock after acquiring an additional 196,995 shares during the quarter. Strs Ohio’s holdings in First Industrial Realty Trust were worth $26,875,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of First Industrial Realty Trust by 1.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 179 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of First Industrial Realty Trust by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 183 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of First Industrial Realty Trust by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after buying an additional 211 shares in the last quarter. Signaturefd LLC lifted its position in shares of First Industrial Realty Trust by 9.4% during the 4th quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 242 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of First Industrial Realty Trust by 16.0% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 242 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FR has been the topic of several research analyst reports. Truist Financial raised their price objective on First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 15th. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Robert W. Baird increased their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $63.93.

First Industrial Realty Trust Trading Down 0.1%

NYSE FR opened at $62.35 on Friday. 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 twelve month low of $47.38 and a twelve month high of $64.66. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. The business’s fifty day moving average is $62.21 and its 200 day moving average is $60.45.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 77.52%.

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.