Mutual of America Capital Management LLC increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,231 shares of the real estate investment trust’s stock after purchasing an additional 2,060 shares during the period. Mutual of America Capital Management LLC’s holdings in First Industrial Realty Trust were worth $3,154,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. State Street Corp raised its position 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 worth $159,093,000 after purchasing an additional 154,676 shares in 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 worth $133,874,000 after purchasing an additional 150,162 shares in the last quarter. 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 worth $97,632,000 after purchasing an additional 83,863 shares in the last quarter. Ameriprise Financial Inc. raised its position in First Industrial Realty Trust by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 2,342,014 shares of the real estate investment trust’s stock worth $70,473,000 after purchasing an additional 114,605 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in First Industrial Realty Trust by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,740,731 shares of the real estate investment trust’s stock worth $52,379,000 after purchasing an additional 71,899 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Bruce W. Duncan sold 16,854 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $32.42, for a total transaction of $546,406.68. Following the sale, the director now directly owns 866,966 shares of the company’s stock, valued at $28,107,037.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

Shares of First Industrial Realty Trust, Inc. (NYSE FR) opened at $28.54 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $25.56 and a 52 week high of $32.91. 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 company has a market cap of $3,325.75, a P/E ratio of 18.02 and a beta of 0.89.

FR has been the subject of several recent research reports. JPMorgan Chase & Co. lowered shares of First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Friday, December 15th. Robert W. Baird reaffirmed a “hold” rating and set a $31.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, January 9th. Jefferies Group reaffirmed a “hold” rating and set a $34.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, November 24th. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, November 10th. Finally, ValuEngine raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.29.

WARNING: This article was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/mutual-of-america-capital-management-llc-acquires-2060-shares-of-first-industrial-realty-trust-inc-fr/1856991.html.

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.

Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc. (NYSE:FR).

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

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.