Greenwood Capital Associates LLC Sells 457 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Greenwood Capital Associates LLC decreased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,206 shares of the real estate investment trust’s stock after selling 457 shares during the period. Greenwood Capital Associates LLC’s holdings in First Industrial Realty Trust were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FR. Synovus Financial Corp lifted its stake in First Industrial Realty Trust by 96.3% during the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 13,922 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of First Industrial Realty Trust by 42.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock worth $10,546,000 after buying an additional 58,088 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in First Industrial Realty Trust by 2,886.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock valued at $1,055,000 after buying an additional 18,212 shares in the last quarter. Commerce Bank bought a new position in First Industrial Realty Trust in the third quarter valued at about $4,817,000. Finally, JPMorgan Chase & Co. raised its stake 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 acquiring an additional 747,101 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $53.77 on Wednesday. The firm has a 50 day moving average of $51.57 and a 200-day moving average of $53.48. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 23.08 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $57.35.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays decreased their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. Finally, KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.