Louisiana State Employees Retirement System Makes New $1.96 Million Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Louisiana State Employees Retirement System bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,200 shares of the real estate investment trust's stock, valued at approximately $1,959,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FR. Raymond James & Associates boosted its position in shares of 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 acquiring an additional 3,753 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of First Industrial Realty Trust during the 1st quarter valued at approximately $232,000. American Century Companies Inc. bought a new position in shares of First Industrial Realty Trust during the 1st quarter valued at approximately $263,000. Natixis Advisors L.P. boosted its position in shares of First Industrial Realty Trust by 22.6% during the 1st 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 last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of First Industrial Realty Trust by 4.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 176,557 shares of the real estate investment trust's stock valued at $11,298,000 after acquiring an additional 7,724 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Down 1.0 %

FR stock traded down $0.48 during midday trading on Friday, reaching $45.59. The company's stock had a trading volume of 2,110,461 shares, compared to its average volume of 1,188,275. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day simple moving average of $52.54 and a two-hundred day simple moving average of $49.88. First Industrial Realty Trust, Inc. has a 1 year low of $40.44 and a 1 year high of $55.22. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 21.01 and a beta of 1.01.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.37 dividend. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 68.20%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on First Industrial Realty Trust from $51.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, February 20th. Barclays restated an "equal weight" rating and set a $53.00 price target (down previously from $63.00) on shares of First Industrial Realty Trust in a report on Wednesday, March 27th. The Goldman Sachs Group increased their price target on First Industrial Realty Trust from $41.00 to $47.00 and gave the company a "sell" rating in a report on Thursday, January 11th. Truist Financial increased their price target on First Industrial Realty Trust from $57.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Finally, TheStreet upgraded First Industrial Realty Trust from a "c+" rating to a "b-" rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $55.30.

First Industrial Realty Trust 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.