Capstone Asset Management Co. raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,512 shares of the real estate investment trust’s stock after buying an additional 10 shares during the period. Capstone Asset Management Co.’s holdings in First Industrial Realty Trust were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in First Industrial Realty Trust during the fourth quarter valued at $236,000. Teachers Advisors LLC increased its position in 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 during the period. Louisiana State Employees Retirement System increased its position in 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 during the period. State of Alaska Department of Revenue increased its position in 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 during the period. Finally, Retirement Systems of Alabama increased its position in First Industrial Realty Trust by 0.3% in the first quarter. Retirement Systems of Alabama now owns 151,402 shares of the real estate investment trust’s stock valued at $4,032,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) traded down 0.783% during midday trading on Wednesday, reaching $29.765. The company’s stock had a trading volume of 143,005 shares. The stock has a 50-day moving average price of $29.36 and a 200 day moving average price of $27.95. The stock has a market capitalization of $3.57 billion, a PE ratio of 30.311 and a beta of 1.00. First Industrial Realty Trust, Inc. has a 52 week low of $24.85 and a 52 week high of $31.14.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. The firm had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $97.62 million. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. Equities analysts forecast that First Industrial Realty Trust, Inc. will post $0.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors 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 2.80%. First Industrial Realty Trust’s payout ratio is 85.71%.

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FR has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $29.00 target price on shares of First Industrial Realty Trust in a research report on Monday, April 24th. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, May 2nd. Stifel Nicolaus increased their target price on First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, BidaskClub downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.20.

In related news, Director Bruce W. Duncan sold 15,146 shares of First Industrial Realty Trust stock in a transaction on Monday, August 7th. The stock was sold at an average price of $30.15, for a total transaction of $456,651.90. Following the completion of the sale, the director now owns 934,385 shares of the company’s stock, valued at $28,171,707.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.22, for a total value of $604,400.00. Following the sale, the chief financial officer now directly owns 107,273 shares of the company’s stock, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,581 shares of company stock valued at $2,340,036. 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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