First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,026 shares of the real estate investment trust’s stock after selling 4,245 shares during the period. Amalgamated Bank owned about 0.06% of First Industrial Realty Trust worth $4,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Natixis Advisors L.P. boosted its stake in shares of First Industrial Realty Trust by 3.4% in the 4th quarter. Natixis Advisors L.P. now owns 24,448 shares of the real estate investment trust’s stock valued at $1,287,000 after buying an additional 801 shares during the period. New York Life Investment Management LLC increased its position in First Industrial Realty Trust by 193.2% during the fourth quarter. New York Life Investment Management LLC now owns 58,328 shares of the real estate investment trust’s stock worth $3,072,000 after buying an additional 38,436 shares during the period. Victory Capital Management Inc. lifted its stake in First Industrial Realty Trust by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,855,763 shares of the real estate investment trust’s stock valued at $97,743,000 after buying an additional 40,364 shares during the last quarter. Savant Capital LLC boosted its stake in First Industrial Realty Trust by 39.0% during the 4th quarter. Savant Capital LLC now owns 6,909 shares of the real estate investment trust’s stock worth $364,000 after purchasing an additional 1,937 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of First Industrial Realty Trust by 14.6% during the fourth quarter. Van ECK Associates Corp now owns 46,553 shares of the real estate investment trust’s stock worth $2,452,000 after buying an additional 5,947 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FR has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of 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. Barclays restated an “equal weight” rating and set a $53.00 price objective (down previously from $63.00) on shares of First Industrial Realty Trust in a report on Wednesday, March 27th. 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 report on Wednesday, April 24th. Royal Bank of Canada lifted their target price on First Industrial Realty Trust from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Wedbush downgraded shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $59.00 to $49.00 in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $53.40.

First Industrial Realty Trust Stock Down 0.0 %

FR stock opened at $47.38 on Thursday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 21.83 and a beta of 1.05. 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 fifty day moving average price of $50.37 and a two-hundred day moving average price of $50.01. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.12%. First Industrial Realty Trust’s payout ratio is currently 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.