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

Amalgamated Bank boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FR. Glen Harbor Capital Management LLC boosted its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 396 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Elkfork Partners LLC now owns 5,544 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 504 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 6,732 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 612 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Industrial Realty Trust by 4.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 327 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of First Industrial Realty Trust during the fourth quarter valued at $236,000. Institutional investors own 91.05% of the company’s stock.

First Industrial Realty Trust, Inc. (FR) opened at 28.28 on Wednesday. First Industrial Realty Trust, Inc. has a 1-year low of $24.85 and a 1-year high of $30.17. The company has a market cap of $3.32 billion, a PE ratio of 25.85 and a beta of 0.99. The stock’s 50 day moving average price is $29.00 and its 200-day moving average price is $27.64.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. First Industrial Realty Trust had a net margin of 33.58% and a return on equity of 10.10%. The company had revenue of $97.38 million during the quarter, compared to analyst estimates of $97.31 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that First Industrial Realty Trust, Inc. will post $0.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.84 annualized dividend and a yield of 2.97%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.06%.

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FR has been the topic of several analyst reports. BMO Capital Markets reissued a “hold” rating and set a $28.00 price objective on shares of First Industrial Realty Trust in a research note on Wednesday, March 22nd. Jefferies Group LLC reissued a “hold” rating and set a $29.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, April 24th. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, May 2nd. Stifel Nicolaus upped their target price on First Industrial Realty Trust from $30.00 to $31.50 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, BidaskClub cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.90.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 17,157 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were 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 owns 978,159 shares in the company, valued at $27,104,785.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Johannson L. Yap sold 18,000 shares of the business’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $28.18, for a total transaction of $507,240.00. Following the completion of the transaction, the insider now owns 296,002 shares of the company’s stock, valued at approximately $8,341,336.36. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.

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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