Aperio Group LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,076 shares of the real estate investment trust’s stock after purchasing an additional 4,364 shares during the period. Aperio Group LLC’s holdings in First Industrial Realty Trust were worth $1,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FR. Balyasny Asset Management LLC increased its holdings in First Industrial Realty Trust by 421.7% in the second quarter. Balyasny Asset Management LLC now owns 1,135,241 shares of the real estate investment trust’s stock valued at $32,491,000 after purchasing an additional 917,632 shares during the period. Rothschild Asset Management Inc. acquired a new stake in First Industrial Realty Trust during the 2nd quarter worth about $19,235,000. Renaissance Technologies LLC grew its holdings in 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 acquiring an additional 535,685 shares during the period. Prudential Financial Inc. grew its holdings in First Industrial Realty Trust by 17.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,531,040 shares of the real estate investment trust’s stock worth $43,818,000 after acquiring an additional 225,621 shares during the period. Finally, Castle Ridge Investment Management LP acquired a new stake in First Industrial Realty Trust during the 2nd quarter worth about $6,317,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

A number of analysts have weighed in on FR shares. Janney Montgomery Scott started coverage on First Industrial Realty Trust in a report on Friday, September 29th. They set a “buy” rating and a $34.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target on shares of First Industrial Realty Trust in a report on Friday, July 28th. BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $34.00 price target on shares of First Industrial Realty Trust in a report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.67.

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In other news, Director Bruce W. Duncan sold 16,855 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $31.50, for a total value of $530,932.50. Following the completion of the sale, the director now directly owns 917,530 shares in the company, valued at approximately $28,902,195. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 50,565 shares of company stock valued at $1,585,718. 1.71% of the stock is currently owned by company insiders.

Shares of First Industrial Realty Trust, Inc. (NYSE FR) opened at $32.13 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $3,880.00, a PE ratio of 20.90 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 $32.47.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.25. The company had revenue of $99.30 million during 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% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. analysts anticipate that First Industrial Realty Trust, Inc. will post 1.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.61%. First Industrial Realty Trust’s dividend payout ratio is presently 78.50%.

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)

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