First Trust Advisors LP increased its stake in shares of First Industrial Realty Trust Inc. (NYSE:FR) by 103.9% during the second quarter, Holdings Channel reports. The institutional investor owned 85,590 shares of the real estate investment trust’s stock after buying an additional 43,605 shares during the period. First Trust Advisors LP owned approximately 0.08% of First Industrial Realty Trust worth $2,381,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in First Industrial Realty Trust by 5.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 63,280 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 3,100 shares in the last quarter. Texas Permanent School Fund bought a new position in First Industrial Realty Trust during the first quarter valued at approximately $1,908,000. Aperio Group LLC boosted its position in First Industrial Realty Trust by 17.0% in the first quarter. Aperio Group LLC now owns 35,970 shares of the real estate investment trust’s stock valued at $818,000 after buying an additional 5,234 shares in the last quarter. Teachers Advisors Inc. boosted its position in First Industrial Realty Trust by 3.5% in the first quarter. Teachers Advisors Inc. now owns 882,562 shares of the real estate investment trust’s stock valued at $20,069,000 after buying an additional 29,789 shares in the last quarter. Finally, BlackRock Inc. boosted its position in First Industrial Realty Trust by 40.3% in the first quarter. BlackRock Inc. now owns 135,026 shares of the real estate investment trust’s stock valued at $3,071,000 after buying an additional 38,784 shares in the last quarter. Institutional investors and hedge funds own 99.04% of the company’s stock.

Shares of First Industrial Realty Trust Inc. (NYSE:FR) traded up 1.60% during midday trading on Thursday, reaching $28.60. 732,772 shares of the company were exchanged. The stock has a 50-day moving average price of $28.55 and a 200 day moving average price of $25.85. First Industrial Realty Trust Inc. has a 52-week low of $18.89 and a 52-week high of $29.75. The company has a market capitalization of $3.34 billion, a P/E ratio of 26.21 and a beta of 1.28.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The company had revenue of $93.01 million for the quarter, compared to analyst estimates 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 for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Equities research analysts expect that First Industrial Realty Trust Inc. will post $0.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.76 annualized dividend and a yield of 2.66%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 69.73%.

FR has been the topic of several research analyst reports. Jefferies Group cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Wednesday, June 1st. Zacks Investment Research cut shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus 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.