WINTON GROUP Ltd Invests $1.57 Million in First Industrial Realty Trust, Inc. (FR) Stock

WINTON GROUP Ltd bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,814 shares of the real estate investment trust’s stock, valued at approximately $1,573,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in First Industrial Realty Trust by 1.0% in the first quarter. BlackRock Inc. now owns 18,525,189 shares of the real estate investment trust’s stock valued at $541,491,000 after acquiring an additional 175,968 shares during the period. Principal Financial Group Inc. increased its stake in First Industrial Realty Trust by 2.5% in the first quarter. Principal Financial Group Inc. now owns 4,102,838 shares of the real estate investment trust’s stock valued at $119,926,000 after acquiring an additional 99,375 shares during the period. Northern Trust Corp grew its stake in First Industrial Realty Trust by 2.2% during the first quarter. Northern Trust Corp now owns 3,459,467 shares of the real estate investment trust’s stock worth $101,119,000 after buying an additional 74,953 shares during the last quarter. Renaissance Technologies LLC grew its stake in First Industrial Realty Trust by 39.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,268,200 shares of the real estate investment trust’s stock worth $71,380,000 after buying an additional 643,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in First Industrial Realty Trust by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,814,483 shares of the real estate investment trust’s stock worth $53,037,000 after buying an additional 40,984 shares during the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Johannson L. Yap sold 19,156 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $30.24, for a total transaction of $579,277.44. Following the transaction, the insider now directly owns 272,877 shares in the company, valued at $8,251,800.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott A. Musil sold 16,300 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $30.31, for a total transaction of $494,053.00. Following the transaction, the chief financial officer now owns 108,672 shares in the company, valued at $3,293,848.32. The disclosure for this sale can be found here. Insiders have sold 202,240 shares of company stock worth $6,492,222 over the last quarter. 1.59% of the stock is owned by company insiders.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Mizuho assumed coverage on shares of First Industrial Realty Trust in a research note on Monday, March 26th. They set a “neutral” rating and a $31.00 price objective on the stock. Stifel Nicolaus decreased their price objective on shares of First Industrial Realty Trust from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Finally, SunTrust Banks set a $32.00 price objective on shares of First Industrial Realty Trust and gave the stock a “buy” rating in a research note on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.86.

Shares of First Industrial Realty Trust opened at $33.50 on Wednesday, MarketBeat reports. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.94. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 21.34 and a beta of 0.90. First Industrial Realty Trust, Inc. has a 1-year low of $27.61 and a 1-year high of $33.75.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $0.218 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.60%. First Industrial Realty Trust’s payout ratio is 55.41%.

About First Industrial Realty Trust

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.

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

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