First Industrial Realty Trust, Inc. (NYSE:FR) Position Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,257 shares of the real estate investment trust's stock after purchasing an additional 19,986 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of First Industrial Realty Trust worth $3,622,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Magnetar Financial LLC lifted its stake in shares of First Industrial Realty Trust by 391.0% during the fourth quarter. Magnetar Financial LLC now owns 53,930 shares of the real estate investment trust's stock valued at $2,704,000 after buying an additional 42,946 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of First Industrial Realty Trust by 13.1% during the 4th quarter. Teacher Retirement System of Texas now owns 71,348 shares of the real estate investment trust's stock worth $3,577,000 after purchasing an additional 8,259 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth $2,470,000. Xponance Inc. increased its stake in First Industrial Realty Trust by 5.6% in the fourth quarter. Xponance Inc. now owns 15,053 shares of the real estate investment trust's stock valued at $755,000 after purchasing an additional 805 shares during the last quarter. Finally, Boston Partners lifted its position in First Industrial Realty Trust by 2.2% during the fourth quarter. Boston Partners now owns 400,057 shares of the real estate investment trust's stock worth $20,177,000 after buying an additional 8,561 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

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First Industrial Realty Trust Stock Down 0.2 %

Shares of FR traded down $0.13 during mid-day trading on Thursday, reaching $54.28. 736,302 shares of the stock traded hands, compared to its average volume of 1,022,902. The stock has a fifty day simple moving average of $54.88 and a 200 day simple moving average of $53.76. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $58.17. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 24.90 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. Sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.28%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio is currently 81.65%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FR shares. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Barclays upped their price target on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Robert W. Baird boosted their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their target price for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.38.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc NYSE: FR is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.