Renaissance Technologies LLC increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 39.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,268,200 shares of the real estate investment trust’s stock after acquiring an additional 643,800 shares during the period. Renaissance Technologies LLC owned about 1.89% of First Industrial Realty Trust worth $71,380,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of FR. Amundi Pioneer Asset Management Inc. bought a new stake in shares of First Industrial Realty Trust during the 4th quarter valued at about $3,733,000. Kennedy Capital Management Inc. boosted its stake in First Industrial Realty Trust by 13.3% during the fourth quarter. Kennedy Capital Management Inc. now owns 198,062 shares of the real estate investment trust’s stock worth $6,233,000 after acquiring an additional 23,309 shares in the last quarter. Geode Capital Management LLC boosted its stake in First Industrial Realty Trust by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,184,783 shares of the real estate investment trust’s stock worth $37,285,000 after acquiring an additional 53,962 shares in the last quarter. HRT Financial LLC bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $318,000. Finally, OppenheimerFunds Inc. bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $246,000. Institutional investors own 94.10% of the company’s stock.
In other news, CIO Johannson L. Yap sold 6,600 shares of First Industrial Realty Trust stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $28.54, for a total transaction of $188,364.00. Following the completion of the transaction, the executive now directly owns 292,033 shares of the company’s stock, valued at approximately $8,334,621.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.71% of the company’s stock.
First Industrial Realty Trust stock opened at $29.95 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a 1-year low of $25.81 and a 1-year high of $32.91. The stock has a market cap of $3,599.02, a PE ratio of 17.83 and a beta of 0.96.
First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. First Industrial Realty Trust had a net margin of 50.82% and a return on equity of 14.57%. The business had revenue of $102.31 million for the quarter, compared to analysts’ expectations of $100.11 million. During the same period last year, the business earned $0.38 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. equities analysts anticipate that First Industrial Realty Trust, Inc. will post 1.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.218 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.21. This represents a $0.87 dividend on an annualized basis and a yield of 2.91%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 50.00%.
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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.
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