First Industrial Realty Trust, Inc. $FR Stake Reduced by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 63.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,595 shares of the real estate investment trust’s stock after selling 59,298 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in First Industrial Realty Trust were worth $2,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FR. BlackRock Inc. acquired a new stake in shares of First Industrial Realty Trust in the second quarter valued at approximately $1,021,489,000. Dimensional Fund Advisors LP boosted its stake in shares of First Industrial Realty Trust by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,025,484 shares of the real estate investment trust’s stock worth $117,173,000 after acquiring an additional 40,101 shares during the period. Deutsche Bank AG acquired a new position in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $79,730,000. Artemis Investment Management LLP increased its holdings in shares of First Industrial Realty Trust by 0.5% during the 3rd quarter. Artemis Investment Management LLP now owns 1,244,218 shares of the real estate investment trust’s stock worth $74,081,000 after acquiring an additional 6,732 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of First Industrial Realty Trust by 27.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,217,721 shares of the real estate investment trust’s stock worth $70,445,000 after acquiring an additional 259,476 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 0.6%

First Industrial Realty Trust stock opened at $55.27 on Thursday. The company’s 50-day moving average price is $58.73 and its two-hundred day moving average price is $61.18. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.92. The stock has a market cap of $7.33 billion, a P/E ratio of 17.84 and a beta of 1.01. First Industrial Realty Trust, Inc. has a twelve month low of $53.27 and a twelve month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.38). The firm had revenue of $197.12 million during the quarter, compared to analyst estimates of $196.41 million. First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.60%. First Industrial Realty Trust’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. As a group, analysts expect that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Thursday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Thursday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.6%. First Industrial Realty Trust’s payout ratio is 74.35%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada cut their price target on First Industrial Realty Trust from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Raymond James Financial cut shares of First Industrial Realty Trust from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $86.00 to $71.00 in a research report on Friday, October 23rd. UBS Group set a $71.00 price objective on shares of First Industrial Realty Trust in a report on Friday, October 23rd. Finally, JPMorgan Chase & Co. downgraded shares of First Industrial Realty Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $74.00 to $60.00 in a report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.93.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust is a real estate investment trust focused on owning, operating, acquiring and developing industrial properties in the United States. Its portfolio includes warehouses, distribution facilities and other buildings used for manufacturing and logistics. The company serves businesses that need space to store, move or produce goods, with properties in major U.S. industrial and distribution markets. First Industrial was established in 1994 and is headquartered in Chicago. Peter E. Baccile serves as the company’s president and chief executive officer.