Tower Research Capital LLC TRC Decreases Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Tower Research Capital LLC TRC reduced its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 53.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,048 shares of the real estate investment trust’s stock after selling 1,186 shares during the period. Tower Research Capital LLC TRC’s holdings in First Industrial Realty Trust were worth $41,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of First Industrial Realty Trust by 169.8% in the 3rd quarter. SG Americas Securities LLC now owns 43,826 shares of the real estate investment trust’s stock valued at $1,734,000 after buying an additional 27,583 shares during the period. Daiwa Securities Group Inc. raised its position in shares of First Industrial Realty Trust by 1.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the real estate investment trust’s stock valued at $870,000 after buying an additional 400 shares during the period. Bartlett & Co. LLC acquired a new position in First Industrial Realty Trust in the third quarter valued at approximately $40,000. First Mercantile Trust Co. lifted its holdings in First Industrial Realty Trust by 11.6% in the third quarter. First Mercantile Trust Co. now owns 3,879 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 404 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in First Industrial Realty Trust by 0.3% in the third quarter. Texas Permanent School Fund now owns 86,092 shares of the real estate investment trust’s stock valued at $3,406,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

In other First Industrial Realty Trust news, EVP Peter Schultz sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $42.03, for a total value of $504,360.00. Following the sale, the executive vice president now owns 97,159 shares of the company’s stock, valued at $4,083,592.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.22% of the stock is owned by insiders.

Several equities research analysts have issued reports on the company. ValuEngine cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.70.

Shares of FR stock opened at $42.77 on Wednesday. First Industrial Realty Trust, Inc. has a 1-year low of $27.30 and a 1-year high of $43.18. The firm has a market cap of $5.37 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 3.83 and a beta of 0.67. The company has a 50-day moving average of $41.60 and a two-hundred day moving average of $38.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. First Industrial Realty Trust had a net margin of 45.86% and a return on equity of 11.43%. The business had revenue of $106.59 million for the quarter, compared to the consensus estimate of $106.81 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 1.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.92 annualized dividend and a yield of 2.15%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 57.50%.

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.

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

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