American International Group Inc. grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 4.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 323,264 shares of the real estate investment trust’s stock after acquiring an additional 13,754 shares during the quarter. American International Group Inc. owned about 0.27% of First Industrial Realty Trust worth $9,727,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FR. Renaissance Technologies LLC boosted its position in First Industrial Realty Trust by 532.3% during the 1st quarter. Renaissance Technologies LLC now owns 53,115 shares of the real estate investment trust’s stock worth $1,414,000 after acquiring an additional 44,715 shares during the period. Bank of Montreal Can boosted its position in First Industrial Realty Trust by 8.4% during the 2nd quarter. Bank of Montreal Can now owns 124,083 shares of the real estate investment trust’s stock worth $3,551,000 after acquiring an additional 9,645 shares during the period. Oregon Public Employees Retirement Fund boosted its position in First Industrial Realty Trust by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,742 shares of the real estate investment trust’s stock worth $1,223,000 after acquiring an additional 1,816 shares during the period. LS Investment Advisors LLC raised its stake in shares of First Industrial Realty Trust by 14.0% in the 2nd quarter. LS Investment Advisors LLC now owns 12,027 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 1,479 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of First Industrial Realty Trust by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the real estate investment trust’s stock worth $876,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

A number of research firms have recently commented on FR. Janney Montgomery Scott began coverage on First Industrial Realty Trust in a research note on Friday, September 29th. They issued a “buy” rating and a $34.00 price objective on the stock. Jefferies Group reissued a “hold” rating and issued a $34.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, November 24th. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. KeyCorp reissued a “hold” rating on shares of First Industrial Realty Trust in a research note on Tuesday, October 24th. Finally, SunTrust Banks reissued a “buy” rating and issued a $34.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.00.

First Industrial Realty Trust, Inc. (FR) traded down $0.14 on Wednesday, hitting $32.40. The stock had a trading volume of 605,600 shares, compared to its average volume of 770,118. First Industrial Realty Trust, Inc. has a 12 month low of $25.31 and a 12 month high of $32.86. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98. The company has a market cap of $3,907.01, a P/E ratio of 21.17 and a beta of 1.01.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.25. The company had revenue of $99.30 million for the quarter, compared to the consensus estimate of $98.38 million. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. research analysts expect that First Industrial Realty Trust, Inc. will post 1.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.

In other news, Director Bruce W. Duncan sold 16,855 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $31.50, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 50,565 shares of company stock worth $1,585,718 over the last ninety days. 1.71% of the stock is owned by insiders.

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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)

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