Marshall Wace LLP Has $15.68 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Marshall Wace LLP raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 69.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,730 shares of the real estate investment trust's stock after acquiring an additional 128,692 shares during the period. Marshall Wace LLP owned approximately 0.24% of First Industrial Realty Trust worth $15,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc boosted its stake in First Industrial Realty Trust by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock valued at $205,000 after buying an additional 210 shares in the last quarter. UMB Bank n.a. lifted its holdings in First Industrial Realty Trust by 24.7% in the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 214 shares during the last quarter. Principal Securities Inc. boosted its position in shares of First Industrial Realty Trust by 9.3% during the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 269 shares in the last quarter. Stifel Financial Corp boosted its position in shares of First Industrial Realty Trust by 1.1% during the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock valued at $1,450,000 after purchasing an additional 278 shares in the last quarter. Finally, Fortem Financial Group LLC grew its stake in shares of First Industrial Realty Trust by 2.9% in the 4th quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.7 %

Shares of NYSE:FR traded down $0.34 during midday trading on Friday, hitting $47.29. 801,446 shares of the stock were exchanged, compared to its average volume of 1,121,879. The company has a market capitalization of $6.26 billion, a PE ratio of 21.69 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The business's fifty day simple moving average is $52.23 and its two-hundred day simple moving average is $52.55.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The firm had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's payout ratio is presently 88.12%.

Analyst Ratings Changes

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

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.