WINTON GROUP Ltd cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 15.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,394 shares of the real estate investment trust’s stock after selling 5,878 shares during the quarter. WINTON GROUP Ltd’s holdings in First Industrial Realty Trust were worth $1,017,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Assetmark Inc. bought a new position in First Industrial Realty Trust in the 2nd quarter worth approximately $121,000. Qube Research & Technologies Ltd bought a new position in First Industrial Realty Trust in the 2nd quarter worth approximately $164,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in First Industrial Realty Trust in the 2nd quarter worth approximately $201,000. Hartford Investment Management Co. bought a new position in First Industrial Realty Trust in the 2nd quarter worth approximately $204,000. Finally, World Asset Management Inc bought a new position in First Industrial Realty Trust in the 2nd quarter worth approximately $205,000. Institutional investors own 93.33% of the company’s stock.

In other news, Director H Patrick Hackett, Jr. sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $31.38, for a total transaction of $470,700.00. Following the completion of the transaction, the director now directly owns 37,577 shares in the company, valued at approximately $1,179,166.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.59% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on FR. ValuEngine downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. SunTrust Banks set a $35.00 price target on First Industrial Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on First Industrial Realty Trust from $30.00 to $34.00 and gave the company an “underweight” rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.67.

NYSE FR opened at $31.61 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.78. The company has a market cap of $4.02 billion, a PE ratio of 20.13 and a beta of 0.62. First Industrial Realty Trust, Inc. has a one year low of $27.61 and a one year high of $34.04.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $100.26 million during the quarter, compared to the consensus estimate of $99.74 million. First Industrial Realty Trust had a return on equity of 13.40% and a net margin of 52.47%. On average, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 1.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Monday, December 31st will be given a dividend of $0.2175 per share. The ex-dividend date is Friday, December 28th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.75%. First Industrial Realty Trust’s dividend payout ratio is currently 55.41%.

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First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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

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