Great West Life Assurance Co. Can Purchases 19,706 Shares of First Industrial Realty Trust, Inc. (FR)

Great West Life Assurance Co. Can lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,854 shares of the real estate investment trust’s stock after purchasing an additional 19,706 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.14% of First Industrial Realty Trust worth $4,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in shares of First Industrial Realty Trust by 2.9% during the 3rd quarter. Legal & General Group Plc now owns 485,177 shares of the real estate investment trust’s stock worth $15,235,000 after purchasing an additional 13,639 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of First Industrial Realty Trust by 172.0% during the 4th quarter. Dupont Capital Management Corp now owns 135,381 shares of the real estate investment trust’s stock worth $3,907,000 after purchasing an additional 85,617 shares in the last quarter. Morgan Stanley grew its holdings in shares of First Industrial Realty Trust by 9.3% during the 3rd quarter. Morgan Stanley now owns 580,131 shares of the real estate investment trust’s stock worth $18,215,000 after purchasing an additional 49,248 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of First Industrial Realty Trust by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 18,681,684 shares of the real estate investment trust’s stock worth $586,605,000 after purchasing an additional 215,720 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of First Industrial Realty Trust by 1.5% during the 3rd quarter. BlackRock Inc. now owns 18,969,360 shares of the real estate investment trust’s stock worth $595,639,000 after purchasing an additional 274,196 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Shares of FR stock opened at $34.89 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $4.42 billion, a P/E ratio of 21.81, a P/E/G ratio of 3.40 and a beta of 0.76. First Industrial Realty Trust, Inc. has a one year low of $27.30 and a one year high of $35.08.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $105.08 million for the quarter, compared to analyst estimates of $103.07 million. First Industrial Realty Trust had a return on equity of 10.07% and a net margin of 40.41%. First Industrial Realty Trust’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Research analysts expect that First Industrial Realty Trust, Inc. will post 1.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.23 dividend. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.64%. First Industrial Realty Trust’s payout ratio is currently 54.38%.

FR has been the topic of several recent research reports. BMO Capital Markets reissued an “average” rating and set a $8.50 price objective on shares of First Industrial Realty Trust in a report on Monday, December 17th. JPMorgan Chase & Co. raised First Industrial Realty Trust from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. ValuEngine lowered First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Raymond James lowered First Industrial Realty Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Monday, January 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. First Industrial Realty Trust has a consensus rating of “Buy” and a consensus price target of $30.90.

In other First Industrial Realty Trust news, insider Johannson L. Yap sold 15,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $34.02, for a total value of $510,300.00. Following the transaction, the insider now owns 109,159 shares of the company’s stock, valued at $3,713,589.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Scott A. Musil sold 13,000 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $33.90, for a total value of $440,700.00. Following the completion of the transaction, the chief financial officer now directly owns 110,989 shares in the company, valued at approximately $3,762,527.10. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

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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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