Victory Capital Management Inc. Raises Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Victory Capital Management Inc. raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,855,763 shares of the real estate investment trust's stock after purchasing an additional 40,364 shares during the period. Victory Capital Management Inc. owned 1.40% of First Industrial Realty Trust worth $97,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in FR. CWM LLC grew its stake in shares of First Industrial Realty Trust by 31.9% during the 4th quarter. CWM LLC now owns 1,613 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 390 shares in the last quarter. Covestor Ltd boosted its stake in shares of First Industrial Realty Trust by 14.0% during the 3rd quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust's stock worth $93,000 after buying an additional 241 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $153,000. Trust Point Inc. acquired a new stake in shares of First Industrial Realty Trust in the 4th quarter valued at approximately $204,000. Finally, DAVENPORT & Co LLC bought a new position in shares of First Industrial Realty Trust in the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Up 1.2 %

Shares of NYSE FR traded up $0.58 during trading on Friday, reaching $47.25. The company had a trading volume of 1,405,088 shares, compared to its average volume of 1,172,098. The business's 50-day moving average is $50.86 and its 200 day moving average is $49.86. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.25 billion, a PE ratio of 21.51 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 12-month low of $40.44 and a 12-month high of $55.22.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, June 28th. First Industrial Realty Trust's payout ratio is presently 68.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FR shares. JPMorgan Chase & Co. lowered their target price on shares of First Industrial Realty Trust from $59.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, April 24th. Mizuho reiterated a "buy" rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. The Goldman Sachs Group lifted their price target on First Industrial Realty Trust from $41.00 to $47.00 and gave the company a "sell" rating in a research note on Thursday, January 11th. Robert W. Baird decreased their price target on First Industrial Realty Trust from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada lifted their target price on shares of First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $53.40.

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.