Today, First Industrial Realty Trust Inc. (FR) Stake Raised by Advisors Asset Management Inc.

Today, First Industrial Realty Trust Inc. (FR) Stake Raised by Advisors Asset Management Inc.
Advisors Asset Management Inc. raised its stake in shares of First Industrial Realty Trust Inc. (NYSE:FR) by 64.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,930 shares of the real estate investment trust’s stock after buying an additional 10,959 shares during the period. Advisors Asset Management Inc.’s holdings in First Industrial Realty Trust were worth $788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of First Industrial Realty Trust during the second quarter valued at about $35,995,000. NN Investment Partners Holdings N.V. increased its stake in shares of First Industrial Realty Trust by 122.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,186,000 shares of the real estate investment trust’s stock valued at $60,815,000 after buying an additional 1,205,000 shares during the period. BlackRock Fund Advisors increased its stake in shares of First Industrial Realty Trust by 25.1% in the second quarter. BlackRock Fund Advisors now owns 5,883,143 shares of the real estate investment trust’s stock valued at $163,669,000 after buying an additional 1,182,213 shares during the period. Nuveen Asset Management LLC increased its stake in shares of First Industrial Realty Trust by 65.4% in the second quarter. Nuveen Asset Management LLC now owns 2,695,102 shares of the real estate investment trust’s stock valued at $74,978,000 after buying an additional 1,065,539 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of First Industrial Realty Trust by 18.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,423,831 shares of the real estate investment trust’s stock valued at $150,891,000 after buying an additional 844,362 shares during the period. Hedge funds and other institutional investors own 99.05% of the company’s stock.

First Industrial Realty Trust Inc. (NYSE:FR) traded up 0.42% during mid-day trading on Friday, hitting $26.32. 229,980 shares of the stock were exchanged. The company has a 50-day moving average price of $26.14 and a 200-day moving average price of $27.11. First Industrial Realty Trust Inc. has a one year low of $18.89 and a one year high of $29.75. The company has a market cap of $3.08 billion, a P/E ratio of 21.28 and a beta of 1.04.

Several analysts have issued reports on FR shares. Zacks Investment Research downgraded shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Jefferies Group reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

In other news, Director H Patrick Hackett, Jr. sold 9,050 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $25.76, for a total transaction of $233,128.00. Following the completion of the sale, the director now directly owns 75,442 shares in the company, valued at approximately $1,943,385.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.83% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA).

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