First Industrial Realty Trust, Inc. (FR) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 16,256 shares of the real estate investment trust’s stock after buying an additional 14 shares during the period. Amalgamated Bank’s holdings in First Industrial Realty Trust were worth $433,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. KCG Holdings Inc. bought a new stake in First Industrial Realty Trust during the first quarter worth about $237,000. BlackRock Inc. raised its position in shares of First Industrial Realty Trust by 2,211.2% in the first quarter. BlackRock Inc. now owns 16,959,238 shares of the real estate investment trust’s stock worth $451,625,000 after buying an additional 16,225,445 shares during the period. Renaissance Technologies LLC raised its position in First Industrial Realty Trust by 532.3% in the first quarter. Renaissance Technologies LLC now owns 53,115 shares of the real estate investment trust’s stock worth $1,414,000 after buying an additional 44,715 shares during the period. Dimensional Fund Advisors LP raised its position in First Industrial Realty Trust by 4.2% in the first 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 period. Finally, Geode Capital Management LLC raised its position in First Industrial Realty Trust by 7.8% in the first quarter. Geode Capital Management LLC now owns 1,072,743 shares of the real estate investment trust’s stock worth $28,567,000 after buying an additional 77,561 shares during the period. Institutional investors own 91.19% of the company’s stock.

Shares of First Industrial Realty Trust, Inc. (NYSE FR) traded down 0.33% on Friday, reaching $30.40. The company’s stock had a trading volume of 748,052 shares. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 30.96 and a beta of 1.00. First Industrial Realty Trust, Inc. has a 1-year low of $24.85 and a 1-year high of $31.14. The company’s 50 day moving average is $29.28 and its 200-day moving average is $27.89.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.18. The firm had revenue of $97.60 million for the quarter, compared to analyst estimates of $97.62 million. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. Equities research analysts expect that First Industrial Realty Trust, Inc. will post $0.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio is presently 85.71%.

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FR has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, July 28th. BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $30.00 price target (up from $29.00) on shares of First Industrial Realty Trust in a report on Sunday, June 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.20.

In other news, Director Bruce W. Duncan sold 17,157 shares of First Industrial Realty Trust stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $27.71, for a total value of $475,420.47. Following the completion of the transaction, the director now directly owns 978,159 shares of the company’s stock, valued at approximately $27,104,785.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.22, for a total value of $604,400.00. Following the completion of the transaction, the chief financial officer now directly owns 107,273 shares of the company’s stock, valued at $3,241,790.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,435 shares of company stock worth $1,883,385. Company insiders own 1.83% of the company’s stock.

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.

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

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