Swiss National Bank Has $13.73 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Swiss National Bank decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 260,700 shares of the real estate investment trust's stock after selling 30,000 shares during the quarter. Swiss National Bank owned approximately 0.20% of First Industrial Realty Trust worth $13,731,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in First Industrial Realty Trust by 31.9% during the fourth quarter. CWM LLC now owns 1,613 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 390 shares in the last quarter. Covestor Ltd raised its stake in First Industrial Realty Trust by 14.0% during the third quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 241 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in First Industrial Realty Trust during the fourth quarter valued at approximately $153,000. Trust Point Inc. acquired a new stake in First Industrial Realty Trust during the fourth quarter valued at approximately $204,000. Finally, DAVENPORT & Co LLC acquired a new stake in First Industrial Realty Trust during the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

FR stock traded down $0.40 on Friday, reaching $47.72. The company's stock had a trading volume of 438,721 shares, compared to its average volume of 1,165,050. First Industrial Realty Trust, Inc. has a 52 week low of $40.44 and a 52 week high of $55.22. The company has a market capitalization of $6.32 billion, a P/E ratio of 21.99 and a beta of 1.05. The firm has a fifty day moving average of $50.16 and a two-hundred day moving average of $50.09. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.25.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, June 28th. First Industrial Realty Trust's dividend payout ratio (DPR) is 68.20%.

Analysts Set New Price Targets

FR has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on First Industrial Realty Trust from $59.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada increased their price target on 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. Truist Financial increased their price target on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. Mizuho reiterated a "buy" rating and set a $58.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Finally, Wedbush cut First Industrial Realty Trust from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $59.00 to $49.00 in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of "Hold" and a consensus price target of $53.40.

About First Industrial Realty Trust

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.