Freestone Capital Holdings LLC Sells 3,833 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Freestone Capital Holdings LLC lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,683 shares of the real estate investment trust’s stock after selling 3,833 shares during the period. Freestone Capital Holdings LLC’s holdings in First Industrial Realty Trust were worth $621,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its position in First Industrial Realty Trust by 5.2% during the second quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 190 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of First Industrial Realty Trust by 10.0% during the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 396 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of First Industrial Realty Trust by 1.8% during the second quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 70 shares in the last quarter. Elkfork Partners LLC lifted its stake in shares of First Industrial Realty Trust by 10.0% during the first quarter. Elkfork Partners LLC now owns 5,544 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 504 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its stake in shares of First Industrial Realty Trust by 10.0% during the first quarter. Meadow Creek Investment Management LLC now owns 6,732 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 612 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on FR. Zacks Investment Research raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. KeyCorp reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a report on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price (up from $30.00) on shares of First Industrial Realty Trust in a report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price objective on shares of First Industrial Realty Trust in a report on Friday, July 28th. Finally, BidaskClub raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.60.

COPYRIGHT VIOLATION NOTICE: This article was published by BBNS and is owned by of BBNS. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/freestone-capital-holdings-llc-sells-3833-shares-of-first-industrial-realty-trust-inc-fr/1611747.html.

In related news, Director Bruce W. Duncan sold 16,855 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $31.50, for a total transaction of $530,932.50. Following the completion of the transaction, the director now owns 917,530 shares of the company’s stock, valued at $28,902,195. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Scott A. Musil sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.22, for a total transaction of $604,400.00. Following the transaction, the chief financial officer now directly owns 107,273 shares of the company’s stock, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. Insiders have sold 99,279 shares of company stock valued at $3,004,548 in the last 90 days. 1.83% of the stock is currently owned by corporate insiders.

Shares of First Industrial Realty Trust, Inc. (NYSE FR) opened at 30.84 on Friday. The firm has a market cap of $3.70 billion, a P/E ratio of 31.41 and a beta of 1.00. The stock’s 50 day moving average price is $30.65 and its 200-day moving average price is $28.86. First Industrial Realty Trust, Inc. has a 12 month low of $24.85 and a 12 month high of $31.83.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. The company had revenue of $97.60 million for the quarter, compared to analyst estimates of $97.62 million. During the same period last year, the firm earned $0.36 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.72%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 85.71%.

First Industrial Realty Trust Company Profile

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)

Receive News & Ratings for First Industrial Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Bryce Harper Hoping to Return Monday from Knee Injury
Bryce Harper Hoping to Return Monday from Knee Injury
American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?


Leave a Reply

 
© 2006-2017 BBNS.