Amica Mutual Insurance Co. Lowers Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

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Amica Mutual Insurance Co. lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 34.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,346 shares of the real estate investment trust’s stock after selling 13,061 shares during the period. Amica Mutual Insurance Co.’s holdings in First Industrial Realty Trust were worth $1,009,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FR. Principal Financial Group Inc. grew its position in First Industrial Realty Trust by 2.5% during the third quarter. Principal Financial Group Inc. now owns 5,027,854 shares of the real estate investment trust’s stock valued at $200,110,000 after acquiring an additional 121,671 shares during the period. Victory Capital Management Inc. grew its position in First Industrial Realty Trust by 23.1% during the second quarter. Victory Capital Management Inc. now owns 1,618,438 shares of the real estate investment trust’s stock valued at $62,213,000 after acquiring an additional 303,703 shares during the period. Jane Street Group LLC purchased a new stake in First Industrial Realty Trust during the second quarter valued at about $38,185,000. Bank of America Corp DE grew its position in First Industrial Realty Trust by 51.1% during the second quarter. Bank of America Corp DE now owns 912,543 shares of the real estate investment trust’s stock valued at $35,078,000 after acquiring an additional 308,522 shares during the period. Finally, Balyasny Asset Management LLC grew its position in First Industrial Realty Trust by 109.6% during the second quarter. Balyasny Asset Management LLC now owns 703,523 shares of the real estate investment trust’s stock valued at $27,043,000 after acquiring an additional 367,924 shares during the period. 96.11% of the stock is owned by institutional investors and hedge funds.

FR has been the subject of a number of research reports. Mizuho boosted their price target on First Industrial Realty Trust from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, November 13th. TD Securities raised First Industrial Realty Trust to a “buy” rating and set a $19.50 target price for the company in a research report on Tuesday, October 20th. Zacks Investment Research downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 23rd. Raymond James reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Thursday, August 6th. Finally, Jefferies Financial Group upped their target price on First Industrial Realty Trust from $40.00 to $41.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.11.

Shares of NYSE:FR traded down $0.17 during trading on Friday, hitting $41.86. The company’s stock had a trading volume of 664,165 shares, compared to its average volume of 1,116,982. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.72 and a current ratio of 1.72. First Industrial Realty Trust, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $46.12. The stock’s 50-day moving average price is $41.95 and its two-hundred day moving average price is $40.24. The company has a market capitalization of $5.40 billion, a PE ratio of 25.52 and a beta of 0.89.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.18). First Industrial Realty Trust had a return on equity of 11.50% and a net margin of 46.84%. The business had revenue of $116.19 million during the quarter, compared to analyst estimates of $108.44 million. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that First Industrial Realty Trust, Inc. will post 1.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.39%. The ex-dividend date is Wednesday, December 30th. First Industrial Realty Trust’s payout ratio is currently 57.47%.

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

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