First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 32.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,428 shares of the real estate investment trust's stock after selling 32,235 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of First Industrial Realty Trust worth $3,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates raised its holdings in First Industrial Realty Trust by 74.1% during the 1st quarter. Raymond James & Associates now owns 8,818 shares of the real estate investment trust's stock valued at $546,000 after buying an additional 3,753 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in First Industrial Realty Trust during the first quarter valued at $232,000. American Century Companies Inc. bought a new position in First Industrial Realty Trust during the first quarter valued at $263,000. Natixis Advisors L.P. raised its stake in shares of First Industrial Realty Trust by 22.6% in the first quarter. Natixis Advisors L.P. now owns 16,759 shares of the real estate investment trust's stock valued at $1,038,000 after acquiring an additional 3,086 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of First Industrial Realty Trust by 4.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 176,557 shares of the real estate investment trust's stock worth $11,298,000 after acquiring an additional 7,724 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 1.1 %

Shares of FR stock traded down $0.58 during mid-day trading on Friday, hitting $51.20. The stock had a trading volume of 1,094,467 shares, compared to its average volume of 995,186. First Industrial Realty Trust, Inc. has a 12-month low of $40.44 and a 12-month high of $55.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.06. The firm's 50-day moving average is $52.76 and its two-hundred day moving average is $49.86. The firm has a market capitalization of $6.78 billion, a P/E ratio of 24.73 and a beta of 1.01.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.37 dividend. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, March 27th. First Industrial Realty Trust's payout ratio is presently 71.50%.

Wall Street Analyst Weigh In

FR has been the topic of several analyst reports. Mizuho reiterated a "buy" rating and set a $58.00 price target on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. Barclays reaffirmed an "equal weight" rating and set a $53.00 target price (down previously from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. Truist Financial raised their price target on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. The Goldman Sachs Group upped their price objective on First Industrial Realty Trust from $41.00 to $47.00 and gave the company a "sell" rating in a research report on Thursday, January 11th. Finally, TheStreet upgraded First Industrial Realty Trust from a "c+" rating to a "b-" rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, First Industrial Realty Trust currently has an average rating of "Hold" and a consensus target price of $55.30.

First Industrial Realty Trust Company Profile

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.