Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,115 shares of the real estate investment trust’s stock after selling 16 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in First Industrial Realty Trust were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in First Industrial Realty Trust by 2,211.2% during the first quarter. BlackRock Inc. now owns 16,959,238 shares of the real estate investment trust’s stock worth $451,625,000 after buying an additional 16,225,445 shares during the last quarter. Weiss Multi Strategy Advisers LLC raised its holdings in First Industrial Realty Trust by 156.0% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 1,385,022 shares of the real estate investment trust’s stock worth $36,883,000 after buying an additional 843,970 shares during the last quarter. Rothschild Asset Management Inc. acquired a new position in First Industrial Realty Trust during the second quarter worth $19,235,000. Vanguard Group Inc. raised its holdings in First Industrial Realty Trust by 3.1% during the first quarter. Vanguard Group Inc. now owns 18,821,832 shares of the real estate investment trust’s stock worth $501,225,000 after buying an additional 574,160 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in First Industrial Realty Trust by 13.6% during the first quarter. Nuveen Asset Management LLC now owns 3,998,373 shares of the real estate investment trust’s stock worth $106,477,000 after buying an additional 480,111 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at 31.37 on Thursday. First Industrial Realty Trust, Inc. has a 1-year low of $24.85 and a 1-year high of $31.83. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 31.95 and a beta of 1.00. The stock has a 50 day moving average of $30.65 and a 200 day moving average of $28.86.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio is currently 85.71%.

In other news, Director Bruce W. Duncan sold 15,146 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $28.68, for a total value of $434,387.28. Following the completion of the transaction, the director now owns 949,531 shares of the company’s stock, valued at approximately $27,232,549.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.22, for a total value of $604,400.00. Following the completion of the transaction, the chief financial officer now directly owns 107,273 shares of the company’s stock, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. Insiders have sold 99,279 shares of company stock valued at $3,004,548 in the last three months. Insiders own 1.83% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/21/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-reduces-position-in-first-industrial-realty-trust-inc-fr.html.

FR has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a report on Wednesday, June 14th. BidaskClub downgraded shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and set a $30.00 price objective (up previously from $29.00) on shares of First Industrial Realty Trust in a report on Sunday, June 25th. Zacks Investment Research downgraded shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $30.60.

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)

Receive News & Stock Ratings for First Industrial Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust Inc. and related stocks with our FREE daily email newsletter.