American International Group Inc. Has $9.41 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR) (2024)

American International Group Inc. cut its position in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,671 shares of the real estate investment trust’s stock after selling 7,659 shares during the period. American International Group Inc. owned 0.14% of First Industrial Realty Trust worth $9,411,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Swiss National Bank boosted its stake in First Industrial Realty Trust by 1.0% during the 3rd quarter. Swiss National Bank now owns 290,700 shares of the real estate investment trust’s stock valued at $13,834,000 after purchasing an additional 2,900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in First Industrial Realty Trust by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,981,370 shares of the real estate investment trust’s stock valued at $94,293,000 after purchasing an additional 51,831 shares during the last quarter. Shell Asset Management Co. boosted its stake in First Industrial Realty Trust by 19.6% during the 3rd quarter. Shell Asset Management Co. now owns 4,412 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 723 shares during the last quarter. Van ECK Associates Corp boosted its stake in First Industrial Realty Trust by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 40,606 shares of the real estate investment trust’s stock valued at $1,932,000 after purchasing an additional 736 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in First Industrial Realty Trust during the 3rd quarter valued at about $552,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Trading Down 0.8 %

NYSE:FR opened at $46.50 on Friday. The firm’s 50 day moving average is $48.01 and its 200 day moving average is $50.63. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. First Industrial Realty Trust, Inc. has a 12 month low of $40.44 and a 12 month high of $55.22. The stock has a market capitalization of $6.15 billion, a PE ratio of 21.43 and a beta of 1.07.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.18%. First Industrial Realty Trust’s payout ratio is 68.20%.

Wall Street Analyst Weigh In

FR has been the subject of a number of analyst reports. Barclays reiterated an “equal weight” rating and set a $53.00 price target (down previously from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. Scotiabank cut their target price on First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird cut their target price on First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Truist Financial boosted their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Wedbush downgraded First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $59.00 to $49.00 in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of “Hold” and a consensus target price of $53.42.

View Our Latest Stock Analysis on FR

First Industrial Realty Trust Company Profile

(Free Report)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.

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