Public Employees Retirement System of Ohio raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,896 shares of the real estate investment trust’s stock after buying an additional 1,114 shares during the period. Public Employees Retirement System of Ohio owned 0.12% of First Industrial Realty Trust worth $3,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its stake in shares of First Industrial Realty Trust by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 20,210 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 60 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of First Industrial Realty Trust by 2.0% in the first quarter. Capstone Asset Management Co. now owns 12,502 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of First Industrial Realty Trust by 4.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 327 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 396 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of First Industrial Realty Trust by 0.3% in the first quarter. Retirement Systems of Alabama now owns 151,402 shares of the real estate investment trust’s stock worth $4,032,000 after buying an additional 420 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) traded up 0.03% on Tuesday, reaching $30.00. 603,111 shares of the company’s stock were exchanged. First Industrial Realty Trust, Inc. has a one year low of $24.85 and a one year high of $31.14. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 30.55 and a beta of 1.00. The company’s 50 day moving average is $29.36 and its 200-day moving average is $27.95.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The firm had revenue of $97.60 million for the quarter, compared to analyst estimates of $97.62 million. During the same quarter in the prior year, the company earned $0.36 EPS. First Industrial Realty Trust’s revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s payout ratio is 85.71%.

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FR has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price objective (up from $29.00) on shares of First Industrial Realty Trust in a report on Sunday, June 25th. Stifel Nicolaus lifted their target price on shares of First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, BidaskClub downgraded shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. First Industrial Realty Trust has an average rating of “Hold” and an average target price of $30.20.

In other First Industrial Realty Trust news, EVP Peter Schultz sold 12,132 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.43, for a total transaction of $369,176.76. Following the sale, the executive vice president now owns 109,399 shares in the company, valued at approximately $3,329,011.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruce W. Duncan sold 17,157 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $27.71, for a total value of $475,420.47. Following the sale, the director now owns 978,159 shares in the company, valued at approximately $27,104,785.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,581 shares of company stock worth $2,340,036. 1.83% of the stock is owned by corporate insiders.

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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