First Industrial Realty Trust, Inc. (NYSE:FR) Holdings Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 36.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,478 shares of the real estate investment trust's stock after selling 66,959 shares during the period. Pacer Advisors Inc. owned 0.09% of First Industrial Realty Trust worth $5,839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth $28,000. UMB Bank n.a. lifted its holdings in shares of First Industrial Realty Trust by 116.2% during the 3rd 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 during the period. Versant Capital Management Inc boosted its position in shares of First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 481 shares during the last quarter. Blue Trust Inc. grew 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 purchasing an additional 636 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FR. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft began 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 target price for the company. Finally, Barclays lowered 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 given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Hold" and an average price target of $57.38.

First Industrial Realty Trust Stock Performance

NYSE FR traded up $0.69 during trading hours on Thursday, reaching $53.51. The company's stock had a trading volume of 705,479 shares, compared to its average volume of 808,239. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $51.59 and a 200 day simple moving average of $53.43. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $57.35. The stock has a market cap of $7.08 billion, a PE ratio of 22.97 and a beta of 1.08.

About First Industrial Realty Trust

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.