First Industrial Realty Trust, Inc. $FR Shares Sold by GSI Capital Advisors LLC

GSI Capital Advisors LLC decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 54.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,827 shares of the real estate investment trust’s stock after selling 76,082 shares during the period. First Industrial Realty Trust comprises approximately 2.1% of GSI Capital Advisors LLC’s portfolio, making the stock its 23rd largest position. GSI Capital Advisors LLC’s holdings in First Industrial Realty Trust were worth $3,713,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of First Industrial Realty Trust in the third quarter worth $26,000. Parallel Advisors LLC grew its stake in shares of First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 291 shares in the last quarter. Danske Bank A S acquired a new position in shares of First Industrial Realty Trust in the third quarter worth $51,000. Fulcrum Asset Management LLP acquired a new position in shares of First Industrial Realty Trust in the third quarter worth $79,000. Finally, Fifth Third Bancorp grew its stake in shares of First Industrial Realty Trust by 16.0% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 242 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

FR has been the subject of several research reports. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. 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. 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 for the company in a research report on Monday, June 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Finally, Truist Financial lifted their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average target price of $63.93.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $62.80 on Friday. The stock has a market cap of $8.32 billion, a P/E ratio of 24.34 and a beta of 1.05. The company has a fifty day simple moving average of $61.68 and a 200-day simple moving average of $59.88. First Industrial Realty Trust, Inc. has a 12-month low of $47.36 and a 12-month 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.

First Industrial Realty Trust Dividend Announcement

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

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.