Swiss National Bank Has $15.15 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Swiss National Bank increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 287,800 shares of the real estate investment trust’s stock after acquiring an additional 2,600 shares during the quarter. Swiss National Bank’s holdings in First Industrial Realty Trust were worth $15,150,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in First Industrial Realty Trust during the second quarter valued at approximately $28,000. C M Bidwell & Associates Ltd. purchased a new position in First Industrial Realty Trust during the first quarter valued at approximately $36,000. Brown Brothers Harriman & Co. purchased a new position in First Industrial Realty Trust during the first quarter valued at approximately $46,000. Lazard Asset Management LLC grew its position in First Industrial Realty Trust by 99.1% during the first quarter. Lazard Asset Management LLC now owns 1,396 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 695 shares in the last quarter. Finally, Covestor Ltd grew its position in First Industrial Realty Trust by 96.3% during the first quarter. Covestor Ltd now owns 1,790 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 878 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FR shares. KeyCorp downgraded shares of First Industrial Realty Trust from a “sector weight” rating to an “underweight” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, October 11th. Truist Financial decreased their target price on shares of First Industrial Realty Trust from $60.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. StockNews.com initiated coverage on shares of First Industrial Realty Trust in a research report on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet downgraded shares of First Industrial Realty Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. Finally, Wedbush initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, October 3rd. They issued an “outperform” rating and a $55.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Hold” and an average target price of $53.38.

First Industrial Realty Trust Price Performance

NYSE FR opened at $45.20 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $45.59 and a 200 day simple moving average of $49.88. The company has a market cap of $5.98 billion, a P/E ratio of 22.38 and a beta of 1.02. First Industrial Realty Trust, Inc. has a 1 year low of $40.44 and a 1 year high of $55.51.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio is currently 63.37%.

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.