State of Alaska Department of Revenue Reduces Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

State of Alaska Department of Revenue lessened its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 33.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,854 shares of the real estate investment trust’s stock after selling 16,172 shares during the period. State of Alaska Department of Revenue’s holdings in First Industrial Realty Trust were worth $1,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FR. SRS Capital Advisors Inc. purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at $35,000. C M Bidwell & Associates Ltd. purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at $51,000. Point72 Hong Kong Ltd lifted its position in shares of First Industrial Realty Trust by 848.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,660 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 1,485 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of First Industrial Realty Trust by 46.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,234 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 708 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of First Industrial Realty Trust during the 1st quarter valued at $169,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:FR opened at $39.67 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 0.88. First Industrial Realty Trust, Inc. has a 52-week low of $27.30 and a 52-week high of $40.31. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 3.61 and a beta of 0.70. The business’s fifty day moving average is $39.20 and its 200 day moving average is $37.02.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). First Industrial Realty Trust had a net margin of 35.11% and a return on equity of 8.70%. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $105.62 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that First Industrial Realty Trust, Inc. will post 1.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.32%. First Industrial Realty Trust’s payout ratio is 57.50%.

A number of brokerages have recently commented on FR. ValuEngine cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.10.

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc. (NYSE:FR).

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

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.