Rockefeller Capital Management L.P. Invests $169,000 in First Industrial Realty Trust, Inc. (NYSE:FR) Stock

Rockefeller Capital Management L.P. acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,773 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of First Industrial Realty Trust by 2,786.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,431,889 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,382,274 shares during the period. Loeb Partners Corp purchased a new position in First Industrial Realty Trust during the 4th quarter worth $58,000. Signaturefd LLC grew its stake in First Industrial Realty Trust by 12.8% during the 1st quarter. Signaturefd LLC now owns 2,814 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 320 shares during the last quarter. Exane Derivatives purchased a new position in First Industrial Realty Trust during the 1st quarter worth $164,000. Finally, PNC Financial Services Group Inc. grew its stake in First Industrial Realty Trust by 9.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,220 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 530 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Mizuho reaffirmed a “buy” rating and set a $38.00 price target on shares of First Industrial Realty Trust in a research report on Wednesday, February 20th. SunTrust Banks reaffirmed a “buy” rating and set a $36.00 price target on shares of First Industrial Realty Trust in a research report on Wednesday, February 20th. Finally, Goldman Sachs Group assumed coverage on First Industrial Realty Trust in a research report on Wednesday, May 15th. They set a “buy” rating and a $38.00 price target for the company. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $32.25.

Shares of FR stock opened at $36.64 on Friday. The stock has a market capitalization of $4.62 billion, a PE ratio of 22.90, a P/E/G ratio of 3.35 and a beta of 0.72. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 52-week low of $27.30 and a 52-week high of $36.83.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $104.50 million during the quarter, compared to analyst estimates of $104.68 million. First Industrial Realty Trust had a net margin of 36.88% and a return on equity of 9.05%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. As a group, equities research analysts expect that First Industrial Realty Trust, Inc. will post 1.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.23 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.51%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 57.50%.

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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.

Further Reading: Asset Allocation and Your Retirement

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

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