First Industrial Realty Trust, Inc. (FR) Position Reduced by AMP Capital Investors Ltd

AMP Capital Investors Ltd lessened its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,085,498 shares of the real estate investment trust’s stock after selling 87,172 shares during the quarter. AMP Capital Investors Ltd owned about 0.86% of First Industrial Realty Trust worth $33,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its position in First Industrial Realty Trust by 10.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 16,631 shares of the real estate investment trust’s stock worth $555,000 after purchasing an additional 1,563 shares during the last quarter. Amalgamated Bank grew its position in First Industrial Realty Trust by 10.0% in the 2nd quarter. Amalgamated Bank now owns 18,641 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 1,693 shares during the last quarter. United Services Automobile Association grew its position in First Industrial Realty Trust by 9.5% in the 2nd quarter. United Services Automobile Association now owns 20,225 shares of the real estate investment trust’s stock worth $674,000 after purchasing an additional 1,755 shares during the last quarter. Greenwood Capital Associates LLC grew its position in First Industrial Realty Trust by 29.3% in the 3rd quarter. Greenwood Capital Associates LLC now owns 8,254 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in First Industrial Realty Trust by 13.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,300 shares of the real estate investment trust’s stock worth $577,000 after purchasing an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Several research firms have issued reports on FR. SunTrust Banks set a $35.00 price target on shares of First Industrial Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, August 7th. ValuEngine upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, Zacks Investment Research lowered shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.67.

In other news, Director H Patrick Hackett, Jr. sold 15,000 shares of First Industrial Realty Trust stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $31.38, for a total transaction of $470,700.00. Following the sale, the director now directly owns 37,577 shares in the company, valued at approximately $1,179,166.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.71% of the stock is currently owned by insiders.

Shares of First Industrial Realty Trust stock opened at $31.75 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.78. First Industrial Realty Trust, Inc. has a twelve month low of $27.61 and a twelve month high of $34.04. The stock has a market cap of $3.96 billion, a PE ratio of 20.22 and a beta of 0.62.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. First Industrial Realty Trust had a net margin of 52.47% and a return on equity of 13.40%. The business had revenue of $100.26 million for the quarter, compared to analyst estimates of $99.74 million. Research analysts forecast that First Industrial Realty Trust, Inc. will post 1.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Monday, December 31st will be given a dividend of $0.2175 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.87 annualized dividend and a dividend yield of 2.74%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 55.41%.

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First Industrial Realty Trust 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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