First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,478 shares of the real estate investment trust’s stock after selling 66,959 shares during the period. Pacer Advisors Inc. owned about 0.09% of First Industrial Realty Trust worth $5,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $28,000. UMB Bank n.a. raised its position in First Industrial Realty Trust by 116.2% in the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 466 shares in the last quarter. Blue Trust Inc. lifted its holdings in First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 636 shares during the period. Farther Finance Advisors LLC boosted its position in shares of First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 417 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 481 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FR. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective for the company. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Finally, Barclays dropped their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $52.91 on Thursday. The stock has a market capitalization of $7.00 billion, a P/E ratio of 22.71 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average is $51.59 and its two-hundred day moving average is $53.43.

First Industrial Realty Trust Profile

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.