Rhumbline Advisers raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 13.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,808 shares of the real estate investment trust’s stock after buying an additional 39,085 shares during the quarter. Rhumbline Advisers owned about 0.27% of First Industrial Realty Trust worth $9,804,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of First Industrial Realty Trust by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 258,793 shares of the real estate investment trust’s stock valued at $7,406,000 after purchasing an additional 2,757 shares during the period. Chicago Equity Partners LLC bought a new stake in First Industrial Realty Trust in the second quarter valued at $1,637,000. First Capital Advisors Group LLC. bought a new stake in First Industrial Realty Trust in the third quarter valued at $307,000. Goldman Sachs Group Inc. grew its position in First Industrial Realty Trust by 3.7% in the second quarter. Goldman Sachs Group Inc. now owns 740,025 shares of the real estate investment trust’s stock valued at $21,180,000 after acquiring an additional 26,649 shares during the period. Finally, Legal & General Group Plc grew its position in First Industrial Realty Trust by 11.5% in the second quarter. Legal & General Group Plc now owns 356,336 shares of the real estate investment trust’s stock valued at $10,197,000 after acquiring an additional 36,713 shares during the period. Institutional investors own 93.64% of the company’s stock.

Several brokerages have recently commented on FR. Stifel Nicolaus increased their target price on First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 6th. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a report on Tuesday, October 24th. ValuEngine upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Jefferies Group LLC reaffirmed a “neutral” rating on shares of First Industrial Realty Trust in a research note on Tuesday, September 26th. Finally, Janney Montgomery Scott initiated coverage on First Industrial Realty Trust in a research note on Friday, September 29th. They set a “buy” rating and a $34.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.00.

First Industrial Realty Trust, Inc. (FR) opened at $32.60 on Monday. First Industrial Realty Trust, Inc. has a one year low of $25.31 and a one year high of $32.86. 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 firm has a market capitalization of $3,907.01, a PE ratio of 21.17 and a beta of 1.01.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate 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 firm 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 firm posted $0.37 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. equities research analysts expect that First Industrial Realty Trust, Inc. will post 1.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s payout ratio is 78.50%.

In other news, Director Bruce W. Duncan sold 16,855 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $31.73, for a total transaction of $534,809.15. Following the sale, the director now owns 883,820 shares of the company’s stock, valued at $28,043,608.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 50,565 shares of company stock worth $1,585,718 in the last three months. Insiders own 1.71% of the company’s stock.

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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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