Today, Mizuho Trust & Banking Co. Ltd. invests in First Industrial Realty Trust Inc. (FR) Shares

Today, Mizuho Trust & Banking Co. Ltd. invests in First Industrial Realty Trust Inc. (FR) Shares

Mizuho Trust & Banking Co. Ltd. increased its position in First Industrial Realty Trust Inc. (NYSE:FR) by 28.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,847 shares of the real estate investment trust’s stock after buying an additional 6,317 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in First Industrial Realty Trust were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in First Industrial Realty Trust by 1.7% in the second quarter. Vanguard Group Inc. now owns 17,776,992 shares of the real estate investment trust’s stock worth $494,557,000 after buying an additional 289,541 shares in the last quarter. BlackRock Fund Advisors boosted its position in 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 worth $163,669,000 after buying an additional 1,182,213 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in 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 worth $150,891,000 after buying an additional 844,362 shares in the last quarter. State Street Corp boosted its position in First Industrial Realty Trust by 6.5% in the second quarter. State Street Corp now owns 5,055,386 shares of the real estate investment trust’s stock worth $140,635,000 after buying an additional 308,758 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in First Industrial Realty Trust by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 3,126,079 shares of the real estate investment trust’s stock worth $86,970,000 after buying an additional 91,549 shares in the last quarter. 99.05% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Inc. (NYSE:FR) traded up 0.42% during mid-day trading on Friday, reaching $26.32. 229,980 shares of the company traded hands. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 21.28 and a beta of 1.04. First Industrial Realty Trust Inc. has a 52 week low of $18.89 and a 52 week high of $29.75. The stock’s 50 day moving average price is $26.14 and its 200 day moving average price is $27.11.

Several brokerages recently issued reports on FR. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, October 5th. Jefferies Group reissued a “hold” rating on shares of First Industrial Realty Trust in a report on Wednesday, November 16th. 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 company has a consensus rating of “Hold” and a consensus price target of $26.00.

In other First Industrial Realty Trust news, Director H Patrick Hackett, Jr. sold 9,050 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $25.76, for a total transaction of $233,128.00. Following the completion of the transaction, the director now owns 75,442 shares in the company, valued at approximately $1,943,385.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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