First Industrial Realty Trust, Inc. (NYSE:FR) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 1,511.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,593 shares of the real estate investment trust’s stock after purchasing an additional 341,034 shares during the quarter. SG Americas Securities LLC owned approximately 0.27% of First Industrial Realty Trust worth $19,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. boosted its position in shares of First Industrial Realty Trust by 781.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 529 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 469 shares during the period. Mather Group LLC. purchased a new position in First Industrial Realty Trust during the 1st quarter valued at about $50,000. EdgeRock Capital LLC purchased a new position in First Industrial Realty Trust during the 4th quarter valued at about $56,000. C M Bidwell & Associates Ltd. increased its holdings in shares of First Industrial Realty Trust by 119.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,405 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 765 shares during the period. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in shares of First Industrial Realty Trust in the fourth quarter worth approximately $82,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of 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. Mizuho reiterated a “buy” rating and set a $58.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, April 2nd. Robert W. Baird reduced their price objective on First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Wedbush lowered First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $59.00 to $49.00 in a research report on Thursday, April 25th. Finally, Barclays reiterated an “equal weight” rating and set a $53.00 price target (down from $63.00) on shares of First Industrial Realty Trust in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.42.

First Industrial Realty Trust Stock Performance

FR stock traded up $0.13 during mid-day trading on Friday, reaching $50.72. 753,163 shares of the stock traded hands, compared to its average volume of 679,653. The firm has a market capitalization of $6.71 billion, a PE ratio of 23.37 and a beta of 1.07. The business has a 50-day moving average of $47.45 and a two-hundred day moving average of $50.29. First Industrial Realty Trust, Inc. has a 52 week low of $40.44 and a 52 week high of $55.15. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 2.92%. First Industrial Realty Trust’s payout ratio is 68.20%.

First Industrial Realty Trust 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.