Jane Street Group LLC Buys 38,228 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Jane Street Group LLC grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 44.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,737 shares of the real estate investment trust's stock after buying an additional 38,228 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of First Industrial Realty Trust worth $6,983,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Rush Island Management LP bought a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $60,848,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 worth $50,105,000 after purchasing an additional 665,920 shares during the period. Land & Buildings Investment Management LLC lifted its holdings in shares of 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 worth $38,398,000 after purchasing an additional 581,472 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of First Industrial Realty Trust in the second quarter worth $23,755,000. Finally, Bank of Montreal Can increased its holdings 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 valued at $26,570,000 after purchasing an additional 456,124 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FR has been the topic of several recent research reports. Mizuho upped their price target 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 upped their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Barclays decreased their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company boosted their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.83.

First Industrial Realty Trust Stock Up 1.3 %

Shares of NYSE FR traded up $0.70 during trading on Friday, hitting $52.80. 770,735 shares of the company traded hands, compared to its average volume of 1,070,671. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The business's fifty day moving average is $53.44 and its 200 day moving average is $52.69. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 22.66 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35.

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

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is 63.52%.

First Industrial Realty Trust Company Profile

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.