Macquarie Group Ltd. increased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,366,777 shares of the real estate investment trust’s stock after acquiring an additional 50,725 shares during the period. Macquarie Group Ltd. owned about 1.14% of First Industrial Realty Trust worth $41,126,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in First Industrial Realty Trust by 532.3% during the first quarter. Renaissance Technologies LLC now owns 53,115 shares of the real estate investment trust’s stock valued at $1,414,000 after purchasing an additional 44,715 shares in the last quarter. KCG Holdings Inc. purchased a new position in First Industrial Realty Trust during the first quarter valued at $237,000. HighTower Advisors LLC purchased a new position in First Industrial Realty Trust during the first quarter valued at $201,000. Bank of Montreal Can lifted its position in First Industrial Realty Trust by 8.4% during the second quarter. Bank of Montreal Can now owns 124,083 shares of the real estate investment trust’s stock valued at $3,551,000 after purchasing an additional 9,645 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in First Industrial Realty Trust by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,742 shares of the real estate investment trust’s stock valued at $1,223,000 after purchasing an additional 1,816 shares in the last quarter. 92.97% of the stock is owned by institutional investors.
First Industrial Realty Trust, Inc. (NYSE:FR) traded up $0.42 during trading hours on Thursday, hitting $32.27. The company had a trading volume of 1,011,856 shares, compared to its average volume of 775,305. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $3,814.73, a P/E ratio of 20.67 and a beta of 1.02. First Industrial Realty Trust, Inc. has a 12 month low of $25.31 and a 12 month high of $32.91.
First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. The company had revenue of $99.30 million for the quarter, compared to the consensus estimate of $98.38 million. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. equities research analysts predict that First Industrial Realty Trust, Inc. will post 1.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.60%. First Industrial Realty Trust’s dividend payout ratio is currently 78.50%.
In related news, Director Bruce W. Duncan sold 16,855 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $31.73, for a total value of $534,809.15. Following the sale, the director now directly owns 883,820 shares in the company, valued at $28,043,608.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 50,565 shares of company stock worth $1,585,718 over the last quarter. 1.71% of the stock is owned by company insiders.
FR has been the topic of several analyst reports. Janney Montgomery Scott initiated coverage on First Industrial Realty Trust in a research report on Friday, September 29th. They set a “buy” rating and a $34.00 target price on the stock. ValuEngine upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and set a $34.00 target price on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Stifel Nicolaus lifted their target price on First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Jefferies Group restated a “hold” rating and issued a $34.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, November 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.00.
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First Industrial Realty Trust Profile
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. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.
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