Lasalle Investment Management Securities LLC Purchases 54,475 Shares of First Industrial Realty Trust, Inc. $FR

Lasalle Investment Management Securities LLC lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 787,764 shares of the real estate investment trust’s stock after purchasing an additional 54,475 shares during the period. First Industrial Realty Trust accounts for approximately 1.8% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 23rd biggest holding. Lasalle Investment Management Securities LLC owned approximately 0.59% of First Industrial Realty Trust worth $45,115,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its stake in shares of First Industrial Realty Trust by 1.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 179 shares during the period. Assetmark Inc. increased its position in First Industrial Realty Trust by 7.1% during the third quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 198 shares during the period. Quadrant Capital Group LLC increased its position in First Industrial Realty Trust by 2.0% during the third quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 211 shares during the period. Intech Investment Management LLC increased its position in First Industrial Realty Trust by 0.6% during the third quarter. Intech Investment Management LLC now owns 40,807 shares of the real estate investment trust’s stock worth $2,100,000 after acquiring an additional 237 shares during the period. Finally, Signaturefd LLC increased its position in First Industrial Realty Trust by 9.4% during the fourth quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 242 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 0.0%

FR opened at $61.85 on Monday. The company’s 50 day moving average is $61.03 and its 200-day moving average is $59.53. First Industrial Realty Trust, Inc. has a 1-year low of $47.36 and a 1-year high of $64.66. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. The company has a market cap of $8.20 billion, a P/E ratio of 23.97 and a beta of 1.06.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial raised their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Citigroup raised their price target on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Robert W. Baird raised their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.64.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.