Virginia Retirement Systems ET AL Has $2.63 Million Position in First Industrial Realty Trust, Inc. (FR)

Virginia Retirement Systems ET AL raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 67.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,400 shares of the real estate investment trust’s stock after acquiring an additional 29,900 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.06% of First Industrial Realty Trust worth $2,631,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in FR. We Are One Seven LLC acquired a new position in shares of First Industrial Realty Trust during the 4th quarter worth approximately $38,000. Loeb Partners Corp acquired a new position in shares of First Industrial Realty Trust during the 4th quarter worth approximately $58,000. Exane Derivatives acquired a new position in shares of First Industrial Realty Trust during the 1st quarter worth approximately $164,000. PNC Financial Services Group Inc. grew its position in shares of First Industrial Realty Trust by 9.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,220 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 530 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $236,000. 92.62% of the stock is currently owned by hedge funds and other institutional investors.

In other First Industrial Realty Trust news, insider Johannson L. Yap sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $34.02, for a total value of $510,300.00. Following the sale, the insider now owns 109,159 shares in the company, valued at $3,713,589.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Musil sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $33.90, for a total transaction of $440,700.00. Following the completion of the sale, the chief financial officer now owns 110,989 shares in the company, valued at approximately $3,762,527.10. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Shares of NYSE FR traded down $0.24 during trading hours on Wednesday, hitting $34.79. 607,300 shares of the stock were exchanged, compared to its average volume of 665,077. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 3.23 and a beta of 0.74. First Industrial Realty Trust, Inc. has a 1-year low of $27.30 and a 1-year high of $36.21.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $104.68 million. First Industrial Realty Trust had a return on equity of 9.05% and a net margin of 36.88%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 1.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.64%. First Industrial Realty Trust’s dividend payout ratio is 57.50%.

FR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, January 28th. SunTrust Banks restated a “buy” rating and set a $36.00 target price on shares of First Industrial Realty Trust in a research report on Wednesday, February 20th. Mizuho restated a “buy” rating and set a $38.00 target price on shares of First Industrial Realty Trust in a research report on Wednesday, February 20th. Finally, Goldman Sachs Group assumed coverage on shares of First Industrial Realty Trust in a research report on Wednesday, May 15th. They set a “buy” rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. First Industrial Realty Trust currently has an average rating of “Buy” and a consensus target price of $32.08.

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About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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

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