Teachers Retirement System of The State of Kentucky Has $856,000 Position in First Industrial Realty Trust, Inc. (NYSE:FR)


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Teachers Retirement System of The State of Kentucky lowered its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,328 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in First Industrial Realty Trust were worth $856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FR. Dimensional Fund Advisors LP grew its holdings in shares of First Industrial Realty Trust by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,557,569 shares of the real estate investment trust’s stock worth $107,749,000 after buying an additional 187,345 shares in the last quarter. Norges Bank bought a new position in First Industrial Realty Trust in the fourth quarter valued at approximately $58,784,000. UBS Asset Management Americas Inc. grew its stake in First Industrial Realty Trust by 21.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 825,303 shares of the real estate investment trust’s stock valued at $34,770,000 after purchasing an additional 144,479 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in First Industrial Realty Trust by 4.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,600 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in First Industrial Realty Trust by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,516,479 shares of the real estate investment trust’s stock valued at $232,408,000 after purchasing an additional 488,625 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

FR has been the subject of a number of analyst reports. Zacks Investment Research downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $44.00 to $46.00 in a research note on Wednesday, March 31st. Finally, Jefferies Financial Group upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $49.00 in a research note on Wednesday, January 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $42.06.

NYSE:FR opened at $47.11 on Tuesday. The stock has a market cap of $6.08 billion, a P/E ratio of 28.73 and a beta of 0.84. The stock has a 50 day simple moving average of $45.05 and a 200 day simple moving average of $42.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.85. First Industrial Realty Trust, Inc. has a 1-year low of $31.65 and a 1-year high of $47.59.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.21. The business had revenue of $112.29 million during the quarter, compared to analysts’ expectations of $109.69 million. First Industrial Realty Trust had a return on equity of 11.50% and a net margin of 46.84%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. As a group, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 1.85 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 19th. Investors of record on Wednesday, March 31st will be issued a dividend of $0.27 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, March 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 62.07%.

In related news, CIO Johannson L. Yap sold 25,000 shares of First Industrial Realty Trust stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $43.34, for a total transaction of $1,083,500.00. Following the completion of the sale, the executive now directly owns 232,489 shares of the company’s stock, valued at approximately $10,076,073.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.29% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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