First Industrial Realty Trust, Inc. (FR) Holdings Lifted by Macquarie Group Ltd.

Macquarie Group Ltd. grew its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366,777 shares of the real estate investment trust’s stock after buying an additional 50,725 shares during the quarter. Macquarie Group Ltd. owned approximately 1.14% of First Industrial Realty Trust worth $41,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FR. The Manufacturers Life Insurance Company boosted its holdings in shares of First Industrial Realty Trust by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 258,793 shares of the real estate investment trust’s stock worth $7,406,000 after purchasing an additional 2,757 shares during the period. Chicago Equity Partners LLC bought a new position in shares of First Industrial Realty Trust in the second quarter valued at approximately $1,637,000. Legal & General Group Plc raised its position in shares of First Industrial Realty Trust by 11.5% in the second quarter. Legal & General Group Plc now owns 356,336 shares of the real estate investment trust’s stock valued at $10,197,000 after purchasing an additional 36,713 shares during the period. Goldman Sachs Group Inc. raised its position in shares of First Industrial Realty Trust by 3.7% in the second quarter. Goldman Sachs Group Inc. now owns 740,025 shares of the real estate investment trust’s stock valued at $21,180,000 after purchasing an additional 26,649 shares during the period. Finally, First Capital Advisors Group LLC. bought a new position in First Industrial Realty Trust during the third quarter worth $307,000. Institutional investors own 93.64% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at $32.82 on Wednesday. First Industrial Realty Trust, Inc. has a 52 week low of $25.31 and a 52 week high of $32.82. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $3,861.47, a P/E ratio of 20.92 and a beta of 1.01.

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, topping analysts’ consensus estimates of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The firm had revenue of $99.30 million during the quarter, compared to the consensus estimate of $98.38 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The business’s revenue was up 6.1% on a year-over-year basis. analysts anticipate that First Industrial Realty Trust, Inc. will post 1.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $519,976.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 50,565 shares of company stock worth $1,585,718 in the last quarter. Company insiders own 1.71% of the company’s stock.

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A number of equities analysts recently issued reports on FR shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price on shares of First Industrial Realty Trust in a research report on Friday, July 28th. Janney Montgomery Scott began coverage on shares of First Industrial Realty Trust in a research note on Friday, September 29th. They set a “buy” rating and a $34.00 price target on the stock. ValuEngine upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. SunTrust Banks, Inc. restated a “buy” rating and issued a $34.00 target price on shares of First Industrial Realty Trust in a research note on Friday, November 10th. Finally, KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research report on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.67.

About First Industrial Realty Trust

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.

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

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