Retirement Systems of Alabama boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,633 shares of the real estate investment trust’s stock after buying an additional 3,450 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of First Industrial Realty Trust worth $4,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advantus Capital Management Inc increased its position in First Industrial Realty Trust by 119.9% in the 3rd quarter. Advantus Capital Management Inc now owns 344,852 shares of the real estate investment trust’s stock worth $10,377,000 after buying an additional 188,047 shares during the period. Principal Financial Group Inc. increased its position in First Industrial Realty Trust by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 4,449,105 shares of the real estate investment trust’s stock worth $133,874,000 after buying an additional 150,162 shares during the period. Oregon Public Employees Retirement Fund increased its position in First Industrial Realty Trust by 4.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 44,533 shares of the real estate investment trust’s stock worth $1,340,000 after buying an additional 1,791 shares during the period. First Capital Advisors Group LLC. bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $307,000. Finally, Wright Investors Service Inc. increased its position in First Industrial Realty Trust by 22.7% in the 3rd quarter. Wright Investors Service Inc. now owns 14,655 shares of the real estate investment trust’s stock worth $441,000 after buying an additional 2,710 shares during the period. 93.64% of the stock is currently owned by institutional investors.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,855 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $30.85, for a total value of $519,976.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 50,565 shares of company stock worth $1,585,718. Insiders own 1.71% of the company’s stock.

Several research analysts have commented on the company. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. SunTrust Banks, Inc. restated a “buy” rating and set a $34.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Stifel Nicolaus boosted their price objective on First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Jefferies Group LLC restated a “neutral” rating on shares of First Industrial Realty Trust in a research report on Tuesday, September 26th. Finally, KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a research report on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.67.

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Shares of First Industrial Realty Trust, Inc. (FR) opened at $32.82 on Wednesday. First Industrial Realty Trust, Inc. has a 1 year low of $25.31 and a 1 year high of $32.82. The firm has a market capitalization of $3,861.47, a price-to-earnings ratio of 20.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.81 and a quick ratio of 0.81.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The firm had revenue of $99.30 million for the quarter, compared to analysts’ expectations of $98.38 million. During the same period in the prior year, the business posted $0.37 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 1.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio is currently 78.50%.

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.

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

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