Aperio Group LLC cut its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,712 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Aperio Group LLC’s holdings in First Industrial Realty Trust were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of First Industrial Realty Trust during the fourth quarter valued at about $236,000. Capstone Asset Management Co. raised its stake in First Industrial Realty Trust by 2.0% in the first quarter. Capstone Asset Management Co. now owns 12,502 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 250 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in First Industrial Realty Trust by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 700 shares during the last quarter. State of Alaska Department of Revenue raised its stake in First Industrial Realty Trust by 227.0% in the first quarter. State of Alaska Department of Revenue now owns 59,450 shares of the real estate investment trust’s stock valued at $1,582,000 after buying an additional 41,270 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in First Industrial Realty Trust by 0.3% in the first quarter. Retirement Systems of Alabama now owns 151,402 shares of the real estate investment trust’s stock valued at $4,032,000 after buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

First Industrial Realty Trust, Inc. (NYSE:FR) traded up 0.26% during trading on Tuesday, hitting $30.37. The stock had a trading volume of 130,125 shares. First Industrial Realty Trust, Inc. has a one year low of $24.85 and a one year high of $31.14. The company has a market cap of $3.64 billion, a P/E ratio of 30.93 and a beta of 1.00. The firm has a 50 day moving average of $29.47 and a 200-day moving average of $28.04.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $97.62 million. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.77%. First Industrial Realty Trust’s dividend payout ratio is currently 85.71%.

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FR has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a $31.50 price target on shares of First Industrial Realty Trust in a report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $29.00 target price on shares of First Industrial Realty Trust in a research note on Monday, April 24th. Zacks Investment Research upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. First Industrial Realty Trust has a consensus rating of “Hold” and a consensus target price of $30.20.

In other news, EVP Peter Schultz sold 12,132 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.43, for a total transaction of $369,176.76. Following the completion of the transaction, the executive vice president now directly owns 109,399 shares of the company’s stock, valued at approximately $3,329,011.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $28.68, for a total value of $434,387.28. Following the transaction, the director now directly owns 949,531 shares of the company’s stock, valued at $27,232,549.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,424 shares of company stock valued at $1,864,616. Insiders own 1.83% of the company’s stock.

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.

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

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