Renaissance Technologies LLC boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 1,008.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 588,800 shares of the real estate investment trust’s stock after buying an additional 535,685 shares during the quarter. Renaissance Technologies LLC owned about 0.49% of First Industrial Realty Trust worth $16,851,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. grew its position in shares of First Industrial Realty Trust by 24.7% in the first quarter. UBS Asset Management Americas Inc. now owns 227,766 shares of the real estate investment trust’s stock valued at $6,065,000 after purchasing an additional 45,135 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of First Industrial Realty Trust in the first quarter valued at about $239,000. SG Americas Securities LLC grew its position in shares of First Industrial Realty Trust by 146.3% in the first quarter. SG Americas Securities LLC now owns 20,486 shares of the real estate investment trust’s stock valued at $546,000 after purchasing an additional 12,167 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of First Industrial Realty Trust by 15.4% in the first quarter. Neuberger Berman Group LLC now owns 13,902 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of First Industrial Realty Trust by 0.5% in the first quarter. Alliancebernstein L.P. now owns 351,032 shares of the real estate investment trust’s stock valued at $9,348,000 after purchasing an additional 1,641 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of First Industrial Realty Trust, Inc. (FR) opened at 31.15 on Friday. The stock has a 50 day moving average price of $30.92 and a 200 day moving average price of $29.41. The firm has a market capitalization of $3.73 billion, a P/E ratio of 31.72 and a beta of 1.00. First Industrial Realty Trust, Inc. has a 12 month low of $24.85 and a 12 month high of $31.83.

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 for the quarter, topping the consensus estimate of $0.14 by $0.18. The company had revenue of $97.60 million for the quarter, compared to analyst estimates of $97.62 million. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. First Industrial Realty Trust’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, analysts expect that First Industrial Realty Trust, Inc. will post $0.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. First Industrial Realty Trust’s dividend payout ratio is presently 85.71%.

FR has been the topic of several research analyst reports. BidaskClub downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 price target (up from $29.00) on shares of First Industrial Realty Trust in a research report on Sunday, June 25th. Zacks Investment Research downgraded First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.50 price target on shares of First Industrial Realty Trust in a research report on Friday, July 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.00.

In other news, Director Bruce W. Duncan sold 15,146 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $30.15, for a total transaction of $456,651.90. Following the transaction, the director now directly owns 934,385 shares in the company, valued at approximately $28,171,707.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Schultz sold 12,132 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.43, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 100,988 shares of company stock worth $3,090,138 over the last 90 days. 1.83% of the stock is owned by company insiders.

First Industrial Realty Trust 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.

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

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