Russell Investments Group Ltd. Sells 41,411 Shares of First Industrial Realty Trust, Inc. (FR)

Russell Investments Group Ltd. decreased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 18.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,956 shares of the real estate investment trust’s stock after selling 41,411 shares during the period. Russell Investments Group Ltd. owned 0.16% of First Industrial Realty Trust worth $5,686,000 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. Renaissance Technologies LLC increased its position in First Industrial Realty Trust by 532.3% during the first quarter. Renaissance Technologies LLC now owns 53,115 shares of the real estate investment trust’s stock worth $1,414,000 after buying an additional 44,715 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of First Industrial Realty Trust by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 128,273 shares of the real estate investment trust’s stock valued at $3,669,000 after purchasing an additional 394 shares during the period. Daiwa Securities Group Inc. grew its position in shares of First Industrial Realty Trust by 19.1% in the second quarter. Daiwa Securities Group Inc. now owns 10,600 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 1,700 shares during the period. World Asset Management Inc purchased a new stake in shares of First Industrial Realty Trust in the second quarter valued at $212,000. Finally, Sei Investments Co. grew its position in shares of First Industrial Realty Trust by 11,371.8% in the second quarter. Sei Investments Co. now owns 102,902 shares of the real estate investment trust’s stock valued at $2,945,000 after purchasing an additional 102,005 shares during the period. 92.97% of the stock is 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 dated Wednesday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $519,976.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 50,565 shares of company stock valued at $1,585,718. 1.71% of the stock is owned by company insiders.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at $32.37 on Monday. First Industrial Realty Trust, Inc. has a 1 year low of $25.31 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $3,879.45, a PE ratio of 21.02 and a beta of 1.02.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $98.38 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts forecast that First Industrial Realty Trust, Inc. will post 1.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders 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 yield of 2.59%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.

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

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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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