Cipher Capital LP Acquires 10,321 Shares of First Industrial Realty Trust, Inc. (FR)

Cipher Capital LP lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,196 shares of the real estate investment trust’s stock after buying an additional 10,321 shares during the period. Cipher Capital LP owned about 0.11% of First Industrial Realty Trust worth $4,008,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FR. Dimensional Fund Advisors LP boosted its stake in shares of First Industrial Realty Trust by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,502 shares of the real estate investment trust’s stock worth $42,940,000 after buying an additional 65,429 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of First Industrial Realty Trust by 532.3% in the 1st quarter. Renaissance Technologies LLC now owns 53,115 shares of the real estate investment trust’s stock valued at $1,414,000 after purchasing an additional 44,715 shares during the period. KCG Holdings Inc. bought a new stake in shares of First Industrial Realty Trust in the 1st quarter valued at about $237,000. HighTower Advisors LLC bought a new stake in shares of First Industrial Realty Trust in the 1st quarter valued at about $201,000. Finally, Bank of Montreal Can raised its holdings in shares of First Industrial Realty Trust by 8.4% in the 2nd quarter. Bank of Montreal Can now owns 124,083 shares of the real estate investment trust’s stock valued at $3,551,000 after purchasing an additional 9,645 shares during the period. Institutional investors own 92.17% of the company’s stock.

WARNING: “Cipher Capital LP Acquires 10,321 Shares of First Industrial Realty Trust, Inc. (FR)” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://sportsperspectives.com/2017/11/19/cipher-capital-lp-acquires-10321-shares-of-first-industrial-realty-trust-inc-fr.html.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $31.73, for a total value of $534,809.15. Following the transaction, the director now directly owns 883,820 shares of the company’s stock, valued at approximately $28,043,608.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 50,565 shares of company stock worth $1,585,718. Insiders own 1.71% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $34.00 target price on shares of First Industrial Realty Trust in a report on Friday, November 10th. Stifel Nicolaus upped their target price on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 6th. KeyCorp reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a report on Tuesday, October 24th. Finally, Janney Montgomery Scott assumed coverage on shares of First Industrial Realty Trust in a report on Friday, September 29th. They issued a “buy” rating and a $34.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. First Industrial Realty Trust has an average rating of “Buy” and an average price target of $31.67.

First Industrial Realty Trust, Inc. (NYSE FR) traded down $0.23 during trading on Friday, reaching $32.13. 720,776 shares of the company’s stock traded hands, compared to its average volume of 711,618. The company has a market cap of $3,850.68, a PE ratio of 20.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. First Industrial Realty Trust, Inc. has a 52-week low of $25.31 and a 52-week high of $32.47.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.25. The firm had revenue of $99.30 million for the quarter, compared to analysts’ expectations of $98.38 million. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. equities analysts forecast that First Industrial Realty Trust, Inc. will post 1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 2.61%. First Industrial Realty Trust’s dividend payout ratio is currently 78.50%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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

Latest News

Leave a Reply