First Industrial Realty Trust, Inc. (FR) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,199,969 shares of the real estate investment trust’s stock after buying an additional 16,289 shares during the quarter. Victory Capital Management Inc. owned approximately 1.00% of First Industrial Realty Trust worth $37,763,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of First Industrial Realty Trust during the third quarter worth about $213,000. Shelton Capital Management bought a new stake in First Industrial Realty Trust in the second quarter worth approximately $233,000. Lourd Capital LLC bought a new stake in First Industrial Realty Trust in the fourth quarter worth approximately $244,000. Virtu KCG Holdings LLC increased its holdings in First Industrial Realty Trust by 15.8% in the second quarter. Virtu KCG Holdings LLC now owns 10,323 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 1,405 shares in the last quarter. Finally, First Capital Advisors Group LLC. bought a new stake in First Industrial Realty Trust in the third quarter worth approximately $307,000. 93.47% of the stock is currently owned by institutional investors and hedge funds.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,854 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $32.42, for a total value of $546,406.68. Following the transaction, the director now directly owns 866,966 shares in the company, valued at approximately $28,107,037.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by corporate insiders.

First Industrial Realty Trust, Inc. (NYSE:FR) traded up $0.18 during trading hours on Friday, hitting $28.96. The company had a trading volume of 936,114 shares, compared to its average volume of 1,041,762. The company has a market cap of $3,449.20, a price-to-earnings ratio of 27.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. First Industrial Realty Trust, Inc. has a 12 month low of $25.56 and a 12 month high of $32.91.

Several brokerages recently issued reports on FR. JPMorgan Chase & Co. cut First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 target price on the stock. in a research report on Friday, December 15th. Robert W. Baird reaffirmed a “hold” rating and set a $31.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, January 9th. Jefferies Group reissued a “hold” rating and issued a $34.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, November 24th. SunTrust Banks reissued a “buy” rating and issued a $34.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Finally, ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. First Industrial Realty Trust currently has a consensus rating of “Hold” and an average price target of $32.29.

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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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