First National Bank of Omaha boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 24.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,130 shares of the real estate investment trust’s stock after buying an additional 31,969 shares during the period. First National Bank of Omaha owned approximately 0.13% of First Industrial Realty Trust worth $6,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in First Industrial Realty Trust by 12.8% in the 1st quarter. Signaturefd LLC now owns 2,814 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 320 shares in the last quarter. Exane Derivatives purchased a new position in First Industrial Realty Trust in the 1st quarter valued at approximately $164,000. Rockefeller Capital Management L.P. purchased a new position in First Industrial Realty Trust in the 1st quarter valued at approximately $169,000. World Asset Management Inc purchased a new position in First Industrial Realty Trust in the 1st quarter valued at approximately $209,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in First Industrial Realty Trust in the 1st quarter valued at approximately $240,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

NYSE:FR traded up $0.39 during trading hours on Tuesday, hitting $37.67. The stock had a trading volume of 722,000 shares, compared to its average volume of 705,743. The business’s 50 day moving average price is $36.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.93. First Industrial Realty Trust, Inc. has a one year low of $27.30 and a one year high of $38.10. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 3.38 and a beta of 0.73.

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

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

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

First Industrial Realty Trust Company 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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