First Industrial Realty Trust, Inc. $FR Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 47.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 444,051 shares of the real estate investment trust’s stock after purchasing an additional 142,984 shares during the quarter. First Industrial Realty Trust comprises 0.5% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Kennedy Capital Management LLC’s holdings in First Industrial Realty Trust were worth $25,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citadel Advisors LLC boosted its holdings in First Industrial Realty Trust by 70.8% in the 3rd quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock valued at $128,581,000 after purchasing an additional 1,035,385 shares during the last quarter. M&T Bank Corp acquired a new position in shares of First Industrial Realty Trust in the 4th quarter worth approximately $1,134,000. Hudson Bay Capital Management LP acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter worth approximately $20,172,000. Lasalle Investment Management Securities LLC lifted its holdings in shares of First Industrial Realty Trust by 12.6% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 733,289 shares of the real estate investment trust’s stock worth $37,742,000 after acquiring an additional 81,878 shares during the last quarter. Finally, NewSquare Capital LLC lifted its holdings in shares of First Industrial Realty Trust by 50,026.4% in the 3rd quarter. NewSquare Capital LLC now owns 26,567 shares of the real estate investment trust’s stock worth $1,367,000 after acquiring an additional 26,514 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on FR shares. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price objective on shares of First Industrial Realty Trust in a report on Monday, April 27th. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Wells Fargo & Company decreased their price objective on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.93.

First Industrial Realty Trust Price Performance

Shares of FR opened at $63.49 on Friday. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.36 and a fifty-two week high of $64.66. The firm’s 50 day moving average price is $61.77 and its 200 day moving average price is $59.91. The company has a market cap of $8.42 billion, a P/E ratio of 24.61 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced 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. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio is presently 77.52%.

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.