Cubist Systematic Strategies LLC increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 328.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,430 shares of the real estate investment trust’s stock after buying an additional 32,524 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in First Industrial Realty Trust were worth $1,214,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of First Industrial Realty Trust by 5.2% during the second quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 190 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of First Industrial Realty Trust by 1.8% during the second quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 70 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of First Industrial Realty Trust by 77.8% during the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 2,724 shares in the last quarter. World Asset Management Inc bought a new position in shares of First Industrial Realty Trust during the second quarter worth about $212,000. Finally, HighTower Advisors LLC bought a new position in shares of First Industrial Realty Trust during the first quarter worth about $201,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

In other First Industrial Realty Trust news, EVP Peter Schultz sold 12,132 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was 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 directly owns 109,399 shares of the company’s stock, valued at approximately $3,329,011.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce W. Duncan sold 16,855 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $31.50, for a total value of $530,932.50. Following the sale, the director now directly owns 917,530 shares of the company’s stock, valued at $28,902,195. The disclosure for this sale can be found here. Insiders have sold a total of 84,133 shares of company stock valued at $2,570,161 over the last three months. Corporate insiders own 1.83% of the company’s stock.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The firm 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 period in the previous year, the company posted $0.36 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio is currently 85.71%.

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A number of research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “neutral” rating on shares of First Industrial Realty Trust in a report on Tuesday, September 26th. Zacks Investment Research upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a research note on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of First Industrial Realty Trust in a research note on Friday, July 28th. Finally, Janney Montgomery Scott initiated coverage on First Industrial Realty Trust in a research note on Friday, September 29th. They issued a “buy” rating and a $34.00 price target for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.00.

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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