First Industrial Realty Trust, Inc. (NYSE:FR) Position Boosted by KBC Group NV

KBC Group NV grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 1,669.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,657 shares of the real estate investment trust's stock after acquiring an additional 56,285 shares during the quarter. KBC Group NV's holdings in First Industrial Realty Trust were worth $2,991,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock worth $187,798,000 after purchasing an additional 747,101 shares during the period. Geode Capital Management LLC increased its stake in First Industrial Realty Trust by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust's stock valued at $138,214,000 after purchasing an additional 15,093 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in First Industrial Realty Trust by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock worth $122,182,000 after buying an additional 81,826 shares during the period. Rush Island Management LP purchased a new position in First Industrial Realty Trust during the third quarter worth about $60,848,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in First Industrial Realty Trust by 290.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock valued at $50,105,000 after buying an additional 665,920 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for the company. Barclays dropped their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Finally, KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of "Hold" and a consensus target price of $57.38.

First Industrial Realty Trust Stock Up 1.2 %

NYSE FR traded up $0.62 during trading hours on Tuesday, hitting $53.77. The company had a trading volume of 1,726,887 shares, compared to its average volume of 876,449. The firm's 50 day moving average is $51.57 and its 200 day moving average is $53.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 23.08 and a beta of 1.09.

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.