State Street Corp. Maintains Significant Stake in First Industrial Realty Trust
Ticker: FR · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 921825
| Field | Detail |
|---|---|
| Company | First Industrial Realty Trust Inc (FR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, REIT
TL;DR
**State Street still owns a big chunk of First Industrial Realty Trust, good sign for the stock!**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of shares in First Industrial Realty Trust Inc. As of December 31, 2023, State Street Corporation holds a significant stake in the REIT, which is a common practice for large institutional investors managing various funds. This filing matters to investors because it confirms continued institutional confidence in First Industrial Realty Trust, suggesting stability and potentially influencing other investors' perceptions of the stock.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a substantial position in First Industrial Realty Trust, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive risk for the stock.
Analyst Insight
Investors should note that a major institutional holder like State Street Corporation continues to hold shares, which can be a sign of stability, but should conduct further due diligence on First Industrial Realty Trust's fundamentals.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- First Industrial Realty Trust Inc (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will likely maintain its significant stake in First Industrial Realty Trust Inc. throughout 2024. (State Street Corporation) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with IRS Identification No. 04-2456637.
What is the name of the issuer whose securities are being reported?
The issuer is FIRST INDUSTRIAL REALTY TRUST INC.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the REIT class of securities is 32054K103.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding FIRST INDUSTRIAL REALTY TRUST INC (FR).