SG Americas Securities LLC boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 136.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,651 shares of the real estate investment trust’s stock after acquiring an additional 54,120 shares during the period. SG Americas Securities LLC owned 0.08% of First Industrial Realty Trust worth $2,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings in First Industrial Realty Trust by 2.9% in the second quarter. State Street Corp now owns 5,558,921 shares of the real estate investment trust’s stock valued at $159,093,000 after acquiring an additional 154,676 shares during the last quarter. Principal Financial Group Inc. raised its position in First Industrial Realty Trust by 3.5% in the third quarter. Principal Financial Group Inc. now owns 4,449,105 shares of the real estate investment trust’s stock valued at $133,874,000 after purchasing an additional 150,162 shares during the period. Northern Trust Corp raised its position in First Industrial Realty Trust by 3.5% in the second quarter. Northern Trust Corp now owns 3,322,800 shares of the real estate investment trust’s stock valued at $95,098,000 after purchasing an additional 112,948 shares during the period. Bank of New York Mellon Corp raised its position in First Industrial Realty Trust by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 3,244,687 shares of the real estate investment trust’s stock valued at $97,632,000 after purchasing an additional 83,863 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in First Industrial Realty Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,832 shares of the real estate investment trust’s stock valued at $47,762,000 after purchasing an additional 56,330 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.

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Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at $32.82 on Wednesday. First Industrial Realty Trust, Inc. has a 12-month low of $25.31 and a 12-month high of $32.82. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $3,861.47, a price-to-earnings ratio of 20.92 and a beta of 1.01.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The business had revenue of $99.30 million for the quarter, compared to analyst estimates of $98.38 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. research analysts forecast that First Industrial Realty Trust, Inc. will post 1.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.

In related news, Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $31.73, for a total value of $534,809.15. Following the transaction, the director now owns 883,820 shares of the company’s stock, valued at $28,043,608.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 50,565 shares of company stock worth $1,585,718 in the last three months. 1.71% of the stock is currently owned by corporate insiders.

A number of analysts have issued reports on the company. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $34.00 target price on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Stifel Nicolaus boosted 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. Jefferies Group LLC reissued a “neutral” rating on shares of First Industrial Realty Trust in a research report on Tuesday, September 26th. Finally, KeyCorp reissued a “hold” rating on shares of First Industrial Realty Trust in a research report on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. First Industrial Realty Trust has a consensus rating of “Buy” and an average target price of $31.67.

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

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