First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,727 shares of the real estate investment trust's stock after selling 31,034 shares during the quarter. Wolverine Asset Management LLC's holdings in First Industrial Realty Trust were worth $1,197,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Walleye Capital LLC lifted its holdings in First Industrial Realty Trust by 131.9% during the third quarter. Walleye Capital LLC now owns 800,655 shares of the real estate investment trust's stock worth $38,103,000 after buying an additional 455,378 shares during the period. Hsbc Holdings PLC boosted its position in First Industrial Realty Trust by 22.0% during the third quarter. Hsbc Holdings PLC now owns 2,240,983 shares of the real estate investment trust's stock valued at $106,847,000 after purchasing an additional 403,887 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of First Industrial Realty Trust by 27.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,311,911 shares of the real estate investment trust's stock valued at $69,098,000 after buying an additional 283,634 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in First Industrial Realty Trust in the third quarter valued at approximately $11,229,000. Finally, Qube Research & Technologies Ltd increased its position in First Industrial Realty Trust by 856.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 214,557 shares of the real estate investment trust's stock valued at $10,211,000 after buying an additional 192,126 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on First Industrial Realty Trust from $59.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday. Royal Bank of Canada raised their price objective on shares of First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Truist Financial raised their price target on shares of First Industrial Realty Trust from $57.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th. Wedbush cut First Industrial Realty Trust from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $59.00 to $49.00 in a research report on Thursday. Finally, Barclays restated an "equal weight" rating and issued a $53.00 price objective (down from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus price target of $53.11.

First Industrial Realty Trust Stock Down 0.1 %

Shares of NYSE:FR traded down $0.04 on Friday, hitting $46.00. 767,743 shares of the company's stock were exchanged, compared to its average volume of 1,181,920. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.25. First Industrial Realty Trust, Inc. has a 1-year low of $40.44 and a 1-year high of $55.22. The company has a market capitalization of $6.09 billion, a PE ratio of 21.26 and a beta of 1.01. The firm's 50-day moving average is $51.73 and its 200 day moving average is $49.87.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, March 27th. First Industrial Realty Trust's dividend payout ratio is presently 68.20%.

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.