Presima Securities ULC Decreases Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Presima Securities ULC lessened its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 92.6% in the 4th quarter, HoldingsChannel reports. The fund owned 17,800 shares of the real estate investment trust’s stock after selling 222,308 shares during the period. Presima Securities ULC’s holdings in First Industrial Realty Trust were worth $892,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rush Island Management LP acquired a new stake in First Industrial Realty Trust in the third quarter valued at about $60,848,000. JPMorgan Chase & Co. increased its position in First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after buying an additional 747,101 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in First Industrial Realty Trust by 290.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock valued at $50,105,000 after purchasing an additional 665,920 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in First Industrial Realty Trust in the 2nd quarter worth approximately $23,755,000. Finally, Bank of Montreal Can lifted its position in First Industrial Realty Trust by 442.8% during the second quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust’s stock worth $26,570,000 after buying an additional 456,124 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 0.5 %

Shares of NYSE FR opened at $53.32 on Friday. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $7.06 billion, a P/E ratio of 22.88 and a beta of 1.08. The company’s 50 day simple moving average is $51.55 and its 200 day simple moving average is $53.32.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. First Industrial Realty Trust’s dividend payout ratio is currently 63.52%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FR shares. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. Barclays dropped their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Finally, KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.38.

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.