New York State Common Retirement Fund Acquires 3,899 Shares of First Industrial Realty Trust, Inc. (FR)

New York State Common Retirement Fund boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,320 shares of the real estate investment trust’s stock after buying an additional 3,899 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of First Industrial Realty Trust worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of First Industrial Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 18,821,832 shares of the real estate investment trust’s stock worth $501,225,000 after acquiring an additional 574,160 shares during the period. BlackRock Inc. boosted its holdings in shares of First Industrial Realty Trust by 2,211.2% in the first quarter. BlackRock Inc. now owns 16,959,238 shares of the real estate investment trust’s stock worth $451,625,000 after acquiring an additional 16,225,445 shares during the period. State Street Corp boosted its stake in First Industrial Realty Trust by 0.8% during the first quarter. State Street Corp now owns 5,404,245 shares of the real estate investment trust’s stock valued at $143,922,000 after buying an additional 40,452 shares during the period. Principal Financial Group Inc. boosted its stake in First Industrial Realty Trust by 1.8% during the second quarter. Principal Financial Group Inc. now owns 4,298,943 shares of the real estate investment trust’s stock valued at $123,036,000 after buying an additional 75,723 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in First Industrial Realty Trust by 13.6% during the first quarter. Nuveen Asset Management LLC now owns 3,998,373 shares of the real estate investment trust’s stock valued at $106,477,000 after buying an additional 480,111 shares during the period. 92.04% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Peter Schultz sold 12,132 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.43, for a total transaction of $369,176.76. Following the completion of the sale, the executive vice president now owns 109,399 shares of the company’s stock, valued at $3,329,011.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Harker sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the sale, the executive vice president now directly owns 118,470 shares of the company’s stock, valued at approximately $3,607,411.50. The disclosure for this sale can be found here. Insiders sold 100,988 shares of company stock valued at $3,090,138 in the last ninety days. 1.71% of the stock is owned by corporate insiders.

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Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at 30.62 on Friday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 31.18 and a beta of 1.00. The firm’s 50-day moving average is $30.94 and its 200-day moving average is $29.64. First Industrial Realty Trust, Inc. has a 52 week low of $24.85 and a 52 week high of $31.83.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.68%. The firm had revenue of $99.30 million during the quarter, compared to analysts’ expectations of $98.38 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. Analysts forecast that First Industrial Realty Trust, Inc. will post $0.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.74%. First Industrial Realty Trust’s payout ratio is 78.50%.

FR has been the topic of a number of research reports. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price objective (up previously from $30.00) on shares of First Industrial Realty Trust in a report on Thursday, August 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective on shares of First Industrial Realty Trust in a report on Friday, July 28th. Zacks Investment Research upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. First Industrial Realty Trust currently has an average rating of “Hold” and a consensus target price of $31.00.

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.

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

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