Rothschild Asset Management Inc. lessened its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,960 shares of the real estate investment trust’s stock after selling 42,119 shares during the quarter. Rothschild Asset Management Inc. owned about 0.53% of First Industrial Realty Trust worth $18,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of FR. Balyasny Asset Management LLC increased its position in First Industrial Realty Trust by 421.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,135,241 shares of the real estate investment trust’s stock valued at $32,491,000 after acquiring an additional 917,632 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of First Industrial Realty Trust by 1,008.5% during the 2nd quarter. Renaissance Technologies LLC now owns 588,800 shares of the real estate investment trust’s stock worth $16,851,000 after buying an additional 535,685 shares during the period. Prudential Financial Inc. grew its position in shares of First Industrial Realty Trust by 17.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,531,040 shares of the real estate investment trust’s stock worth $43,818,000 after buying an additional 225,621 shares during the period. Castle Ridge Investment Management LP acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $6,317,000. Finally, Advantus Capital Management Inc grew its position in shares of First Industrial Realty Trust by 119.9% during the 3rd quarter. Advantus Capital Management Inc now owns 344,852 shares of the real estate investment trust’s stock worth $10,377,000 after buying an additional 188,047 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE FR) traded down $0.33 during trading hours on Thursday, hitting $32.49. 609,100 shares of the stock traded hands, compared to its average volume of 772,977. First Industrial Realty Trust, Inc. has a 12 month low of $25.31 and a 12 month high of $32.86. 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 firm has a market cap of $3,933.38, a PE ratio of 21.31 and a beta of 1.01.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share 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 business had revenue of $99.30 million for the quarter, compared to analyst estimates of $98.38 million. During the same quarter last year, the firm earned $0.37 EPS. First Industrial Realty Trust’s quarterly revenue was up 6.1% compared to the same quarter last year. sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 1.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s payout ratio is 78.50%.

FR has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research report on Tuesday, October 24th. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price target (up previously from $30.00) on shares of First Industrial Realty Trust in a research report on Thursday, August 24th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $32.00 price target on shares of First Industrial Realty Trust in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Janney Montgomery Scott initiated coverage on shares of First Industrial Realty Trust in a research report on Friday, September 29th. They set a “buy” rating and a $34.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. First Industrial Realty Trust has an average rating of “Buy” and a consensus target price of $31.67.

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In related news, Director Bruce W. Duncan sold 16,855 shares of First Industrial Realty Trust stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $519,976.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 50,565 shares of company stock worth $1,585,718 in the last three months. 1.71% of the stock is owned by insiders.

First Industrial Realty Trust 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.

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

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