WINTON GROUP Ltd reduced its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 51.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,451 shares of the real estate investment trust’s stock after selling 5,752 shares during the quarter. WINTON GROUP Ltd’s holdings in First Industrial Realty Trust were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Eii Capital Management Inc. raised its stake in shares of First Industrial Realty Trust by 0.8% during the second quarter. Eii Capital Management Inc. now owns 63,442 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 502 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in shares of First Industrial Realty Trust during the first quarter valued at about $760,000. The Manufacturers Life Insurance Company raised its stake in shares of First Industrial Realty Trust by 18.2% during the first quarter. The Manufacturers Life Insurance Company now owns 794,391 shares of the real estate investment trust’s stock valued at $28,090,000 after purchasing an additional 122,401 shares in the last quarter. Citigroup Inc. raised its stake in shares of First Industrial Realty Trust by 11.8% during the first quarter. Citigroup Inc. now owns 154,626 shares of the real estate investment trust’s stock valued at $5,468,000 after purchasing an additional 16,349 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in First Industrial Realty Trust by 50.2% during the first quarter. State of Tennessee Treasury Department now owns 209,516 shares of the real estate investment trust’s stock worth $7,408,000 after acquiring an additional 70,000 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

A number of research analysts recently issued reports on FR shares. Goldman Sachs Group started coverage on Liberty Property Trust in a report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 target price on the stock. Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.58.

NYSE:FR traded up $0.50 during mid-day trading on Tuesday, reaching $37.78. 30,854 shares of the stock were exchanged, compared to its average volume of 732,378. The business’s fifty day moving average price is $36.87. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 3.38 and a beta of 0.73. First Industrial Realty Trust, Inc. has a 1-year low of $27.30 and a 1-year high of $38.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $104.68 million. First Industrial Realty Trust had a return on equity of 9.05% and a net margin of 36.88%. First Industrial Realty Trust’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, research analysts expect that First Industrial Realty Trust, Inc. will post 1.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.44%. First Industrial Realty Trust’s dividend payout ratio is currently 57.50%.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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

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