First Industrial Realty Trust, Inc. $FR Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC cut its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,345,292 shares of the real estate investment trust’s stock after selling 92,720 shares during the period. First Industrial Realty Trust makes up 2.0% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 17th largest position. Cbre Investment Management Listed Real Assets LLC owned about 1.77% of First Industrial Realty Trust worth $134,315,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Citadel Advisors LLC boosted its position in shares of First Industrial Realty Trust by 70.8% in the third quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock worth $128,581,000 after acquiring an additional 1,035,385 shares during the last quarter. M&T Bank Corp acquired a new position in First Industrial Realty Trust during the fourth quarter valued at approximately $1,134,000. Hudson Bay Capital Management LP acquired a new position in First Industrial Realty Trust during the third quarter valued at approximately $20,172,000. Lasalle Investment Management Securities LLC lifted its position in First Industrial Realty Trust by 12.6% during the third quarter. Lasalle Investment Management Securities LLC now owns 733,289 shares of the real estate investment trust’s stock valued at $37,742,000 after buying an additional 81,878 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in First Industrial Realty Trust by 52.0% during the third quarter. Handelsbanken Fonder AB now owns 71,574 shares of the real estate investment trust’s stock valued at $3,684,000 after buying an additional 24,500 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Trading Down 3.5%

NYSE FR opened at $59.71 on Tuesday. The company’s fifty day simple moving average is $61.05 and its 200-day simple moving average is $59.55. First Industrial Realty Trust, Inc. has a 52 week low of $47.36 and a 52 week 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 stock has a market cap of $7.92 billion, a P/E ratio of 23.14 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. Investors 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 3.3%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s payout ratio is 77.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Citigroup lifted their price target on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. 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. Finally, 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. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.93.

About First Industrial Realty Trust

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.