Westpac Banking Corp boosted its position in shares of First Industrial Realty Trust Inc. (NYSE:FR) by 38.4% during the second quarter, Holdings Channel reports. The firm owned 206,137 shares of the real estate investment trust’s stock after buying an additional 57,147 shares during the period. Westpac Banking Corp owned approximately 0.18% of First Industrial Realty Trust worth $5,735,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of First Industrial Realty Trust during the first quarter worth $190,000. NN Investment Partners Holdings N.V. acquired a new position in shares of First Industrial Realty Trust during the first quarter worth $22,307,000. Acrospire Investment Management LLC acquired a new position in shares of First Industrial Realty Trust during the first quarter worth $105,000. BlackRock Japan Co. Ltd increased its position in shares of First Industrial Realty Trust by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 5,863 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 97 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of First Industrial Realty Trust by 12.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,579,469 shares of the real estate investment trust’s stock worth $104,137,000 after buying an additional 508,913 shares during the period. Institutional investors own 99.04% of the company’s stock.

First Industrial Realty Trust Inc. (NYSE:FR) traded down 0.11% during trading on Wednesday, hitting $27.61. The stock had a trading volume of 82,798 shares. The firm has a market capitalization of $3.23 billion, a PE ratio of 25.31 and a beta of 1.28. First Industrial Realty Trust Inc. has a 1-year low of $18.89 and a 1-year high of $29.75. The firm has a 50 day moving average price of $28.58 and a 200-day moving average price of $25.83.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $93.01 million for the quarter, compared to analysts’ expectations of $94.29 million. First Industrial Realty Trust had a net margin of 33.13% and a return on equity of 10.85%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities research analysts expect that First Industrial Realty Trust Inc. will post $0.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.75%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 69.73%.

FR has been the topic of a number of recent analyst reports. Jefferies Group reissued a “hold” rating on shares of First Industrial Realty Trust in a research report on Thursday, August 18th. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.60.

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. The Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA).

5 Day Chart for NYSE:FR

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).

Receive News & Ratings for First Industrial Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.