Old Mutual Global Investors UK Ltd. acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,656 shares of the real estate investment trust’s stock, valued at approximately $505,000.

Several other institutional investors and hedge funds also recently modified their holdings of FR. Sei Investments Co. lifted its stake in shares of First Industrial Realty Trust by 11,371.8% in the second quarter. Sei Investments Co. now owns 102,902 shares of the real estate investment trust’s stock worth $2,945,000 after acquiring an additional 102,005 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of 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 acquiring an additional 12,167 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake 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 worth $237,000 after acquiring an additional 2,100 shares in the last quarter. Prudential Financial Inc. lifted its stake 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 worth $34,764,000 after acquiring an additional 1,215,251 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its stake 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 worth $179,000 after acquiring an additional 612 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

In related news, EVP David Harker sold 20,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the executive vice president now owns 118,470 shares in the company, valued at $3,607,411.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Peter Schultz sold 12,132 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.43, for a total transaction of $369,176.76. Following the completion of the sale, the executive vice president now owns 109,399 shares of the company’s stock, valued at approximately $3,329,011.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,424 shares of company stock valued at $2,473,616. 1.83% of the stock is owned by corporate insiders.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at 31.74 on Tuesday. The firm has a market cap of $3.80 billion, a PE ratio of 32.32 and a beta of 1.00. The firm’s 50-day moving average price is $30.41 and its 200 day moving average price is $28.65. First Industrial Realty Trust, Inc. has a 52 week low of $24.85 and a 52 week high of $31.79.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $97.62 million. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current year.

The business 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 $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s payout ratio is presently 85.71%.

Several research firms recently commented on FR. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research note on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $31.50 price target on shares of First Industrial Realty Trust in a research note on Friday, July 14th. Zacks Investment Research upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price target (up previously from $30.00) on shares of First Industrial Realty Trust in a research note on Thursday, August 24th. Finally, BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.60.

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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.

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

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