Public Employees Retirement System of Ohio raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 47.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,236 shares of the real estate investment trust’s stock after purchasing an additional 62,705 shares during the quarter. Public Employees Retirement System of Ohio owned 0.16% of First Industrial Realty Trust worth $5,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Balyasny Asset Management LLC raised its position in shares of First Industrial Realty Trust by 421.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,135,241 shares of the real estate investment trust’s stock worth $32,491,000 after purchasing an additional 917,632 shares during the last quarter. Renaissance Technologies LLC raised its holdings in First Industrial Realty Trust by 1,008.5% in the 2nd quarter. Renaissance Technologies LLC now owns 588,800 shares of the real estate investment trust’s stock valued at $16,851,000 after acquiring an additional 535,685 shares during the last quarter. Citadel Advisors LLC acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at $14,308,000. Wells Fargo & Company MN raised its holdings in First Industrial Realty Trust by 54.9% in the 3rd quarter. Wells Fargo & Company MN now owns 700,001 shares of the real estate investment trust’s stock valued at $21,064,000 after acquiring an additional 247,976 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in First Industrial Realty Trust by 22.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,075 shares of the real estate investment trust’s stock valued at $39,932,000 after acquiring an additional 245,190 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

First Industrial Realty Trust, Inc. (NYSE FR) opened at $31.12 on Monday. First Industrial Realty Trust, Inc. has a 1-year low of $25.31 and a 1-year high of $32.91. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $3,730.00, a price-to-earnings ratio of 29.08 and a beta of 1.02.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.70%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.

Several analysts have recently issued reports on FR shares. 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. Jefferies Group raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 price target on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Finally, Stifel Nicolaus upped their price target on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $31.86.

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 value of $546,406.68. Following the completion of the transaction, the director now directly owns 866,966 shares in the company, valued at $28,107,037.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce W. Duncan sold 16,855 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $31.73, for a total transaction of $534,809.15. Following the sale, the director now owns 883,820 shares of the company’s stock, valued at $28,043,608.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,564 shares of company stock worth $1,601,193. 1.71% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.watchlistnews.com/public-employees-retirement-system-of-ohio-has-5-88-million-holdings-in-first-industrial-realty-trust-inc-fr/1782236.html.

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)

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.