Pacer Advisors Inc. Has $4.59 Million Stake in First Industrial Realty Trust, Inc. $FR

Pacer Advisors Inc. decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,214 shares of the real estate investment trust’s stock after selling 13,969 shares during the quarter. Pacer Advisors Inc.’s holdings in First Industrial Realty Trust were worth $4,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Industrial Realty Trust by 856,065.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after buying an additional 9,784,830 shares in the last quarter. Norges Bank bought a new position in shares of First Industrial Realty Trust in the fourth quarter valued at about $320,075,000. Cohen & Steers Inc. acquired a new position in First Industrial Realty Trust during the 4th quarter worth about $118,365,000. Rush Island Management LP acquired a new position in First Industrial Realty Trust during the 2nd quarter worth about $79,904,000. Finally, AQR Capital Management LLC grew its holdings in First Industrial Realty Trust by 491.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after acquiring an additional 1,541,778 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

FR opened at $63.16 on Tuesday. The company has a fifty day moving average price of $62.13 and a two-hundred day moving average price of $60.15. The firm has a market capitalization of $8.37 billion, a PE ratio of 24.48 and a beta of 1.06. 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 debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04.

First Industrial Realty Trust Announces Dividend

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

Analyst Ratings Changes

FR has been the subject of several research reports. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Wells Fargo & Company reduced their target price on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Raymond James Financial reissued a “strong-buy” rating and set a $83.00 price target on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.20.

First Industrial Realty Trust Company 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.