Mutual of America Capital Management LLC Trims Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR) (2024)

Mutual of America Capital Management LLC trimmed its holdings in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,739 shares of the real estate investment trust’s stock after selling 4,235 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Industrial Realty Trust were worth $4,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FR. Raymond James & Associates raised its holdings in shares of First Industrial Realty Trust by 74.1% in the first quarter. Raymond James & Associates now owns 8,818 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 3,753 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in First Industrial Realty Trust in the first quarter worth approximately $232,000. American Century Companies Inc. bought a new position in First Industrial Realty Trust in the first quarter worth approximately $263,000. Natixis Advisors L.P. grew its stake in First Industrial Realty Trust by 22.6% in the first quarter. Natixis Advisors L.P. now owns 16,759 shares of the real estate investment trust’s stock worth $1,038,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in First Industrial Realty Trust by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 176,557 shares of the real estate investment trust’s stock worth $11,298,000 after purchasing an additional 7,724 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Down 1.2 %

First Industrial Realty Trust stock opened at $50.57 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 24.43 and a beta of 1.01. First Industrial Realty Trust, Inc. has a 1-year low of $40.44 and a 1-year high of $55.22. The business has a fifty day moving average price of $52.75 and a 200-day moving average price of $49.89.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.37 dividend. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.93%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 71.50%.

Wall Street Analysts Forecast Growth

FR has been the topic of several research analyst reports. Mizuho reissued a “buy” rating and issued a $58.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, April 2nd. Royal Bank of Canada increased their price objective on First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Truist Financial increased their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on First Industrial Realty Trust from $51.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Finally, TheStreet raised First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.30.

Read Our Latest Stock Report on FR

About First Industrial Realty Trust

(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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