Jefferies Group LLC Buys 3,645 Shares of First Industrial Realty Trust, Inc. (FR)

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Jefferies Group LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 37.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,435 shares of the real estate investment trust’s stock after purchasing an additional 3,645 shares during the quarter. Jefferies Group LLC’s holdings in First Industrial Realty Trust were worth $422,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FR. Qube Research & Technologies Ltd acquired a new stake in shares of First Industrial Realty Trust in the second quarter valued at about $164,000. Quantbot Technologies LP acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $248,000. Greenwood Capital Associates LLC grew its stake in shares of First Industrial Realty Trust by 29.3% in the third quarter. Greenwood Capital Associates LLC now owns 8,254 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 1,872 shares in the last quarter. Redpoint Investment Management Pty Ltd acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $310,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of First Industrial Realty Trust by 69.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,024 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 4,106 shares in the last quarter. Institutional investors and hedge funds own 91.48% of the company’s stock.

Shares of NYSE FR opened at $30.46 on Wednesday. First Industrial Realty Trust, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $34.04. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 19.40 and a beta of 0.65.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. First Industrial Realty Trust had a return on equity of 13.40% and a net margin of 52.47%. The firm had revenue of $100.26 million during the quarter, compared to analyst estimates of $99.74 million. Equities analysts expect that First Industrial Realty Trust, Inc. will post 1.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Monday, December 31st will be paid a dividend of $0.2175 per share. The ex-dividend date is Friday, December 28th. This represents a $0.87 dividend on an annualized basis and a yield of 2.86%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 55.41%.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 90,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $32.24, for a total transaction of $2,901,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director H Patrick Hackett, Jr. sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $31.38, for a total value of $470,700.00. Following the transaction, the director now directly owns 37,577 shares in the company, valued at approximately $1,179,166.26. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

FR has been the subject of a number of recent research reports. ValuEngine lowered First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. BMO Capital Markets restated an “average” rating and set a $8.50 price objective on shares of First Industrial Realty Trust in a research note on Monday. Finally, Zacks Investment Research lowered First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. First Industrial Realty Trust presently has an average rating of “Hold” and an average target price of $30.07.

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First Industrial Realty Trust Company Profile

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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Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc. (NYSE:FR).

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

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