Strs Ohio cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,436 shares of the real estate investment trust’s stock after selling 28,133 shares during the period. Strs Ohio owned about 0.16% of First Industrial Realty Trust worth $5,249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FR. Renaissance Technologies LLC bought a new position in shares of First Industrial Realty Trust during the fourth quarter valued at $236,000. Teachers Advisors LLC boosted its position in shares of First Industrial Realty Trust by 7.7% in the fourth quarter. Teachers Advisors LLC now owns 899,191 shares of the real estate investment trust’s stock valued at $25,222,000 after buying an additional 63,990 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of First Industrial Realty Trust by 2.0% in the first quarter. Capstone Asset Management Co. now owns 12,502 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 250 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of First Industrial Realty Trust by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 700 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of First Industrial Realty Trust by 227.0% in the first quarter. State of Alaska Department of Revenue now owns 59,450 shares of the real estate investment trust’s stock valued at $1,582,000 after buying an additional 41,270 shares in the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.

First Industrial Realty Trust, Inc. (NYSE FR) opened at 30.40 on Friday. The firm has a market cap of $3.64 billion, a PE ratio of 30.96 and a beta of 1.00. First Industrial Realty Trust, Inc. has a one year low of $24.85 and a one year high of $31.14. The firm has a 50-day moving average price of $29.28 and a 200-day moving average price of $27.89.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business had revenue of $97.60 million for the quarter, compared to the consensus estimate of $97.62 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that First Industrial Realty Trust, Inc. will post $0.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. First Industrial Realty Trust’s payout ratio is 85.71%.

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Several equities analysts have weighed in on FR shares. Zacks Investment Research cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Stifel Nicolaus boosted their price target on First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price target (up previously from $29.00) on shares of First Industrial Realty Trust in a report on Sunday, June 25th. Finally, BidaskClub cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.20.

In other news, EVP Peter Schultz sold 12,132 shares of First Industrial Realty Trust stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.43, for a total value of $369,176.76. Following the transaction, the executive vice president now owns 109,399 shares in the company, valued at $3,329,011.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.22, for a total value of $604,400.00. Following the completion of the transaction, the chief financial officer now owns 107,273 shares in the company, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. Insiders have sold 64,435 shares of company stock worth $1,883,385 in the last 90 days. Company insiders own 1.83% of the company’s stock.

First Industrial Realty Trust Company Profile

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

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