HighTower Advisors LLC bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,515 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other large investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in First Industrial Realty Trust by 15.2% in the fourth quarter. Macquarie Group Ltd. now owns 1,612,652 shares of the real estate investment trust’s stock worth $45,235,000 after buying an additional 212,848 shares in the last quarter. SG Americas Securities LLC boosted its position in First Industrial Realty Trust by 146.3% in the first quarter. SG Americas Securities LLC now owns 20,486 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 12,167 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of First Industrial Realty Trust by 30.9% in the first quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 2,100 shares during the period. Prudential Financial Inc. boosted its position in shares of First Industrial Realty Trust by 1,347.8% in the first quarter. Prudential Financial Inc. now owns 1,305,419 shares of the real estate investment trust’s stock valued at $34,764,000 after buying an additional 1,215,251 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its position in shares of First Industrial Realty Trust by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 6,732 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 612 shares during the period. Institutional investors own 91.87% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) traded down 0.50% during mid-day trading on Friday, hitting $29.98. 754,365 shares of the stock traded hands. First Industrial Realty Trust, Inc. has a 12-month low of $24.85 and a 12-month high of $31.14. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 30.53 and a beta of 1.00. The firm’s 50 day moving average price is $29.65 and its 200 day moving average price is $28.14.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.18. The business had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $97.62 million. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities research analysts predict that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current fiscal year.

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

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Several brokerages recently issued reports on FR. Stifel Nicolaus reissued a “buy” rating and set a $33.00 target price on shares of First Industrial Realty Trust in a report on Friday, July 28th. Zacks Investment Research raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $29.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.20.

In other news, CFO Scott A. Musil sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.22, for a total transaction of $604,400.00. Following the completion of the transaction, the chief financial officer now directly owns 107,273 shares in the company, valued at $3,241,790.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $28.68, for a total value of $434,387.28. Following the transaction, the director now owns 949,531 shares of the company’s stock, valued at $27,232,549.08. The disclosure for this sale can be found here. In the last three months, insiders sold 82,424 shares of company stock valued at $2,473,616. 1.83% of the stock is currently owned by company insiders.

First Industrial Realty Trust Company 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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