First Industrial Realty Trust, Inc. (FR) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 954,579 shares of the real estate investment trust’s stock after purchasing an additional 50,610 shares during the period. Teachers Advisors LLC owned approximately 0.80% of First Industrial Realty Trust worth $27,320,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position 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 valued at $501,225,000 after acquiring an additional 574,160 shares during the last quarter. BlackRock Inc. grew its holdings in shares of First Industrial Realty Trust by 2,211.2% in the first quarter. BlackRock Inc. now owns 16,959,238 shares of the real estate investment trust’s stock worth $451,625,000 after purchasing an additional 16,225,445 shares during the last quarter. State Street Corp grew its holdings in shares of First Industrial Realty Trust by 0.8% in the first quarter. State Street Corp now owns 5,404,245 shares of the real estate investment trust’s stock worth $143,922,000 after purchasing an additional 40,452 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of First Industrial Realty Trust by 1.8% in the second quarter. Principal Financial Group Inc. now owns 4,298,943 shares of the real estate investment trust’s stock worth $123,036,000 after purchasing an additional 75,723 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of First Industrial Realty Trust by 13.6% in 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 purchasing an additional 480,111 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

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

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Shares of First Industrial Realty Trust, Inc. (FR) opened at 31.25 on Friday. The company has a 50-day moving average price of $30.65 and a 200-day moving average price of $28.86. First Industrial Realty Trust, Inc. has a 52 week low of $24.85 and a 52 week high of $31.83. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 31.82 and a beta of 1.00.

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 Thomson Reuters’ consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $97.62 million. During the same quarter in the prior year, the company posted $0.36 EPS. First Industrial Realty Trust’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio is 85.71%.

In other First Industrial Realty Trust news, EVP Peter Schultz sold 12,132 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.43, for a total value of $369,176.76. Following the completion of the sale, the executive vice president now directly owns 109,399 shares in the company, valued at approximately $3,329,011.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction on 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 sale, the director now owns 949,531 shares of the company’s stock, valued at $27,232,549.08. The disclosure for this sale can be found here. Insiders sold a total of 99,279 shares of company stock valued at $3,004,548 over the last quarter. Company insiders own 1.83% of the company’s stock.

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.

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

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