Quantitative Systematic Strategies LLC Cuts Position in First Industrial Realty Trust, Inc. (FR)

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Quantitative Systematic Strategies LLC trimmed its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 32.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,968 shares of the real estate investment trust’s stock after selling 21,063 shares during the period. Quantitative Systematic Strategies LLC’s holdings in First Industrial Realty Trust were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in First Industrial Realty Trust by 1.5% during the 4th quarter. BlackRock Inc. now owns 19,254,434 shares of the real estate investment trust’s stock worth $555,683,000 after purchasing an additional 285,074 shares during the period. Vanguard Group Inc. grew its position in First Industrial Realty Trust by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,681,684 shares of the real estate investment trust’s stock worth $586,605,000 after purchasing an additional 215,720 shares during the period. Vanguard Group Inc grew its position in First Industrial Realty Trust by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 18,681,684 shares of the real estate investment trust’s stock worth $586,605,000 after purchasing an additional 215,720 shares during the period. Macquarie Group Ltd. grew its position in First Industrial Realty Trust by 18.4% during the 4th quarter. Macquarie Group Ltd. now owns 2,303,636 shares of the real estate investment trust’s stock worth $66,483,000 after purchasing an additional 357,946 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in First Industrial Realty Trust by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,933,245 shares of the real estate investment trust’s stock worth $55,792,000 after purchasing an additional 56,238 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Industrial Realty Trust stock opened at $35.55 on Tuesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 22.22, a P/E/G ratio of 3.47 and a beta of 0.76. First Industrial Realty Trust, Inc. has a twelve month low of $27.30 and a twelve month high of $36.21. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.18.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $105.08 million for the quarter, compared to analyst estimates of $103.07 million. First Industrial Realty Trust had a net margin of 40.41% and a return on equity of 10.07%. First Industrial Realty Trust’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. Sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 1.7 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.59%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 57.50%.

In other First Industrial Realty Trust news, insider Johannson L. Yap sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $34.02, for a total value of $510,300.00. Following the transaction, the insider now directly owns 109,159 shares of the company’s stock, valued at approximately $3,713,589.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott A. Musil sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $33.90, for a total transaction of $440,700.00. Following the completion of the transaction, the chief financial officer now directly owns 110,989 shares in the company, valued at $3,762,527.10. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

FR has been the topic of several analyst reports. BMO Capital Markets reaffirmed an “average” rating and set a $8.50 price target on shares of First Industrial Realty Trust in a research report on Monday, December 17th. JPMorgan Chase & Co. raised shares of First Industrial Realty Trust from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. ValuEngine lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Raymond James lowered shares of First Industrial Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Finally, Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, January 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.90.

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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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