State Street Corp Reduces Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

State Street Corp cut its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,553,070 shares of the real estate investment trust's stock after selling 39,281 shares during the period. State Street Corp owned approximately 4.95% of First Industrial Realty Trust worth $369,258,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rush Island Management LP bought a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $60,848,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Industrial Realty Trust by 290.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock valued at $50,105,000 after buying an additional 665,920 shares during the period. Land & Buildings Investment Management LLC grew its position in First Industrial Realty Trust by 256.4% during the second quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust's stock valued at $38,398,000 after buying an additional 581,472 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in First Industrial Realty Trust during the second quarter valued at approximately $23,755,000. Finally, Bank of Montreal Can raised its position in First Industrial Realty Trust by 442.8% in the second quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust's stock worth $26,570,000 after acquiring an additional 456,124 shares during the period. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Down 0.9 %

FR traded down $0.50 during trading hours on Tuesday, reaching $52.28. 821,173 shares of the company's stock traded hands, compared to its average volume of 1,074,814. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $53.65 and a 200 day moving average price of $52.51. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The firm has a market capitalization of $6.92 billion, a PE ratio of 22.66 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. First Industrial Realty Trust's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is currently 63.52%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FR. Barclays reduced their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. Mizuho lifted their price objective on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, September 5th. Scotiabank increased their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Wolfe Research raised shares of First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a report on Tuesday, August 13th. Finally, Wells Fargo & Company increased their price objective on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.83.

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.