Prudential Financial Inc. lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,438,338 shares of the real estate investment trust’s stock after selling 92,702 shares during the quarter. Prudential Financial Inc. owned approximately 1.20% of First Industrial Realty Trust worth $43,280,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of First Industrial Realty Trust by 5.2% in the 2nd quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 190 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of First Industrial Realty Trust by 1.8% in the 2nd quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 70 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of First Industrial Realty Trust by 77.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 2,724 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at about $213,000. Finally, World Asset Management Inc bought a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at about $212,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $31.73, for a total transaction of $534,809.15. Following the transaction, the director now owns 883,820 shares in the company, valued at approximately $28,043,608.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Harker sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the transaction, the executive vice president now owns 118,470 shares in the company, valued at approximately $3,607,411.50. The disclosure for this sale can be found here. Insiders have sold a total of 70,565 shares of company stock worth $2,194,718 in the last 90 days. 1.71% of the stock is currently owned by company insiders.

Several research analysts recently commented on FR shares. Stifel Nicolaus boosted their price objective on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research note on Tuesday, October 24th. Jefferies Group LLC reiterated a “neutral” rating on shares of First Industrial Realty Trust in a research note on Tuesday, September 26th. Janney Montgomery Scott started coverage on shares of First Industrial Realty Trust in a research note on Friday, September 29th. They set a “buy” rating and a $34.00 price objective for the company. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $32.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.67.

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First Industrial Realty Trust, Inc. (NYSE:FR) opened at $31.57 on Friday. 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 $3,783.57, a P/E ratio of 20.50 and a beta of 1.01. First Industrial Realty Trust, Inc. has a 52 week low of $25.04 and a 52 week high of $31.91.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The firm had revenue of $99.30 million during the quarter, compared to analyst estimates of $98.38 million. During the same quarter in the previous year, the business posted $0.37 EPS. First Industrial Realty Trust’s revenue was up 6.1% on a year-over-year basis. analysts forecast that First Industrial Realty Trust, Inc. will post 1.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.66%. First Industrial Realty Trust’s payout ratio is 78.50%.

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.

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

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