Assetmark Inc. grew its position in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 17.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,784 shares of the real estate investment trust’s stock after acquiring an additional 3,233 shares during the period. Assetmark Inc.’s holdings in First Industrial Realty Trust were worth $1,159,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in FR. Neo Ivy Capital Management purchased a new stake in First Industrial Realty Trust during the second quarter worth about $28,000. Itau Unibanco Holding S.A. purchased a new stake in First Industrial Realty Trust during the fourth quarter worth about $41,000. Delta Asset Management LLC TN purchased a new stake in First Industrial Realty Trust during the fourth quarter worth about $42,000. Parallel Advisors LLC boosted its holdings in First Industrial Realty Trust by 228.8% during the first quarter. Parallel Advisors LLC now owns 822 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 572 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in First Industrial Realty Trust during the first quarter worth about $46,000. Hedge funds and other institutional investors own 97.68% of the company’s stock.
First Industrial Realty Trust Stock Performance
NYSE:FR opened at $50.96 on Friday. The firm has a 50 day simple moving average of $52.53 and a 200-day simple moving average of $52.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $6.74 billion, a PE ratio of 21.32 and a beta of 0.97. First Industrial Realty Trust, Inc. has a 1-year low of $42.91 and a 1-year high of $55.88.
First Industrial Realty Trust Dividend Announcement
Wall Street Analyst Weigh In
Several brokerages have issued reports on FR. Citigroup began coverage on shares of First Industrial Realty Trust in a report on Wednesday, July 19th. They issued a “neutral” rating and a $57.00 price target on the stock. Robert W. Baird upped their price target on shares of First Industrial Realty Trust from $60.00 to $63.00 in a report on Monday, April 24th. Finally, StockNews.com began coverage on shares of First Industrial Realty Trust in a report on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $58.86.
Check Out Our Latest Stock Report on FR
First Industrial Realty Trust Profile
First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.
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