First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Pearl River Capital LLC

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Pearl River Capital LLC lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 755.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,143 shares of the real estate investment trust’s stock after purchasing an additional 16,906 shares during the quarter. Pearl River Capital LLC’s holdings in First Industrial Realty Trust were worth $736,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FR. Fifth Third Bancorp increased its stake in shares of First Industrial Realty Trust by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 31,752 shares of the real estate investment trust’s stock valued at $1,221,000 after purchasing an additional 373 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in First Industrial Realty Trust by 4.6% in the second quarter. Moloney Securities Asset Management LLC now owns 9,506 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 420 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in First Industrial Realty Trust by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 6,132 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 437 shares during the last quarter. Bessemer Group Inc. raised its position in First Industrial Realty Trust by 956.6% in the first quarter. Bessemer Group Inc. now owns 877 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 794 shares during the period. Finally, Van ECK Associates Corp raised its position in First Industrial Realty Trust by 108.8% in the first quarter. Van ECK Associates Corp now owns 1,543 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 804 shares during the period. 95.74% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Raymond James reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Thursday, August 6th. Zacks Investment Research downgraded shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 14th. Robert W. Baird upgraded shares of First Industrial Realty Trust from a “neutral” rating to an “outperform” rating in a research note on Friday, July 24th. Stifel Nicolaus upped their price objective on shares of First Industrial Realty Trust from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Mizuho upped their price objective on shares of First Industrial Realty Trust from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. First Industrial Realty Trust has a consensus rating of “Hold” and a consensus target price of $36.11.

Shares of NYSE:FR traded down $0.08 during midday trading on Thursday, hitting $42.43. 39,919 shares of the company’s stock traded hands, compared to its average volume of 1,136,809. First Industrial Realty Trust, Inc. has a twelve month low of $25.89 and a twelve month high of $46.12. The company has a market cap of $5.45 billion, a PE ratio of 21.67 and a beta of 0.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s fifty day moving average price is $40.65 and its two-hundred day moving average price is $38.38.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.16). First Industrial Realty Trust had a return on equity of 14.15% and a net margin of 57.56%. The firm had revenue of $109.20 million for the quarter, compared to analysts’ expectations of $109.04 million. As a group, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 1.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, September 29th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 57.47%.

First Industrial Realty Trust 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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