Lasalle Investment Management Securities LLC Sells 99,181 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Lasalle Investment Management Securities LLC trimmed its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,359,892 shares of the real estate investment trust's stock after selling 99,181 shares during the period. First Industrial Realty Trust comprises about 2.9% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 15th largest position. Lasalle Investment Management Securities LLC owned about 1.03% of First Industrial Realty Trust worth $68,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FR. MML Investors Services LLC raised its holdings in shares of First Industrial Realty Trust by 5.0% in the fourth quarter. MML Investors Services LLC now owns 39,398 shares of the real estate investment trust's stock valued at $1,975,000 after purchasing an additional 1,875 shares during the last quarter. MetLife Investment Management LLC increased its stake in First Industrial Realty Trust by 8.4% in the 4th quarter. MetLife Investment Management LLC now owns 78,487 shares of the real estate investment trust's stock valued at $3,935,000 after buying an additional 6,077 shares during the last quarter. First Trust Advisors LP lifted its position in First Industrial Realty Trust by 67.6% during the 4th quarter. First Trust Advisors LP now owns 70,487 shares of the real estate investment trust's stock worth $3,534,000 after buying an additional 28,432 shares in the last quarter. HGI Capital Management LLC boosted its stake in shares of First Industrial Realty Trust by 16.6% during the 4th quarter. HGI Capital Management LLC now owns 36,680 shares of the real estate investment trust's stock worth $1,839,000 after buying an additional 5,230 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of First Industrial Realty Trust by 4.9% in the 4th quarter. Commerce Bank now owns 90,302 shares of the real estate investment trust's stock valued at $4,527,000 after acquiring an additional 4,250 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FR has been the subject of several recent research reports. Scotiabank reduced their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group dropped their price target on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective for the company. Robert W. Baird raised their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Barclays restated a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.15.

First Industrial Realty Trust Price Performance

NYSE FR traded down $0.16 during midday trading on Friday, hitting $47.48. The company had a trading volume of 256,193 shares, compared to its average volume of 1,119,801. The firm has a 50-day moving average price of $52.23 and a 200-day moving average price of $52.55. The company has a market capitalization of $6.29 billion, a PE ratio of 21.76 and a beta of 1.07. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 88.12%.

First Industrial Realty Trust 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.