First Industrial Realty Trust, Inc. (FR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 18.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,254 shares of the real estate investment trust’s stock after selling 11,371 shares during the period. SG Americas Securities LLC’s holdings in First Industrial Realty Trust were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FR. Mutual of America Capital Management LLC lifted its position in First Industrial Realty Trust by 2.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 100,231 shares of the real estate investment trust’s stock valued at $3,154,000 after purchasing an additional 2,060 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in First Industrial Realty Trust by 17.8% during the first quarter. Daiwa Securities Group Inc. now owns 15,200 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 2,300 shares in the last quarter. American International Group Inc. lifted its position in First Industrial Realty Trust by 0.7% during the fourth quarter. American International Group Inc. now owns 325,639 shares of the real estate investment trust’s stock valued at $10,248,000 after purchasing an additional 2,375 shares in the last quarter. ING Groep NV lifted its position in First Industrial Realty Trust by 23.2% during the fourth quarter. ING Groep NV now owns 18,084 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 3,406 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its position in First Industrial Realty Trust by 25.1% during the fourth quarter. Meadow Creek Investment Management LLC now owns 17,782 shares of the real estate investment trust’s stock valued at $560,000 after purchasing an additional 3,570 shares in the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.

In other news, Director Bruce W. Duncan sold 11,184 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $32.23, for a total value of $360,460.32. Following the sale, the director now directly owns 869,213 shares of the company’s stock, valued at $28,014,734.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Johannson L. Yap sold 6,600 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $28.54, for a total value of $188,364.00. Following the completion of the sale, the executive now directly owns 292,033 shares in the company, valued at $8,334,621.82. The disclosure for this sale can be found here. Insiders sold 70,140 shares of company stock worth $2,167,011 over the last ninety days. Insiders own 1.71% of the company’s stock.

Shares of First Industrial Realty Trust stock opened at $31.19 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $27.61 and a 52 week high of $32.91. The stock has a market capitalization of $3.91 billion, a PE ratio of 19.62 and a beta of 0.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.94.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.17. First Industrial Realty Trust had a return on equity of 15.01% and a net margin of 53.92%. The business had revenue of $99.77 million for the quarter, compared to the consensus estimate of $98.86 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 1.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a $0.218 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.87 annualized dividend and a dividend yield of 2.80%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 55.41%.

Several equities analysts recently weighed in on FR shares. SunTrust Banks set a $32.00 target price on First Industrial Realty Trust and gave the company a “buy” rating in a research report on Friday, March 2nd. Mizuho upgraded First Industrial Realty Trust from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, May 7th. Zacks Investment Research upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. ValuEngine upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Finally, Jefferies Group restated a “buy” rating and issued a $39.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. First Industrial Realty Trust currently has an average rating of “Hold” and a consensus price target of $32.86.

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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