1st Global Advisors Inc. Has $1.30 Million Position in First Industrial Realty Trust, Inc. (FR)

1st Global Advisors Inc. increased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,248 shares of the real estate investment trust’s stock after buying an additional 1,479 shares during the quarter. 1st Global Advisors Inc.’s holdings in First Industrial Realty Trust were worth $1,295,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FR. BlackRock Inc. lifted its position in shares of First Industrial Realty Trust by 2,211.2% during the 1st quarter. BlackRock Inc. now owns 16,959,238 shares of the real estate investment trust’s stock worth $451,625,000 after buying an additional 16,225,445 shares during the period. Balyasny Asset Management LLC lifted its position in shares of First Industrial Realty Trust by 421.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,135,241 shares of the real estate investment trust’s stock worth $32,491,000 after buying an additional 917,632 shares during the period. Rothschild Asset Management Inc. bought a new position in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $19,235,000. Vanguard Group Inc. lifted its position in shares of First Industrial Realty Trust by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,821,832 shares of the real estate investment trust’s stock worth $501,225,000 after buying an additional 574,160 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of First Industrial Realty Trust by 1,008.5% during the 2nd quarter. Renaissance Technologies LLC now owns 588,800 shares of the real estate investment trust’s stock worth $16,851,000 after buying an additional 535,685 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Several equities analysts recently commented on the company. Jefferies Group LLC restated a “neutral” rating on shares of First Industrial Realty Trust in a research report on Tuesday, September 26th. Janney Montgomery Scott assumed 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 for the company. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.50 price target on shares of First Industrial Realty Trust in a report on Friday, July 14th. Finally, Zacks Investment Research raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. First Industrial Realty Trust currently has a consensus rating of “Hold” and an average price target of $31.00.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.thestockobserver.com/2017/10/13/1st-global-advisors-inc-has-1-30-million-position-in-first-industrial-realty-trust-inc-fr.html.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $31.50, for a total transaction of $530,932.50. Following the completion of the sale, the director now directly owns 917,530 shares in the company, valued at $28,902,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott A. Musil sold 20,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.22, for a total value of $604,400.00. Following the sale, the chief financial officer now owns 107,273 shares of the company’s stock, valued at $3,241,790.06. The disclosure for this sale can be found here. Insiders have sold 84,133 shares of company stock valued at $2,570,161 over the last 90 days. Corporate insiders own 1.83% of the company’s stock.

First Industrial Realty Trust, Inc. (NYSE:FR) traded down 0.06% during midday trading on Friday, reaching $31.07. The company had a trading volume of 211,554 shares. First Industrial Realty Trust, Inc. has a 12 month low of $24.85 and a 12 month high of $31.83. The firm has a 50-day moving average of $30.88 and a 200-day moving average of $29.35. The stock has a market cap of $3.72 billion, a P/E ratio of 31.64 and a beta of 1.00.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The firm had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $97.62 million. During the same period in the prior year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that First Industrial Realty Trust, Inc. will post $0.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s payout ratio is presently 85.71%.

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. 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.

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

Receive News & Ratings for First Industrial Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply