Teacher Retirement System of Texas Raises Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Teacher Retirement System of Texas increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,348 shares of the real estate investment trust's stock after purchasing an additional 8,259 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of First Industrial Realty Trust worth $3,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FR. Howard Capital Management Group LLC bought a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth $206,000. Natixis Advisors LLC increased its holdings in First Industrial Realty Trust by 12.3% during the third quarter. Natixis Advisors LLC now owns 25,497 shares of the real estate investment trust's stock worth $1,427,000 after buying an additional 2,783 shares during the last quarter. Pathstone Holdings LLC raised its position in First Industrial Realty Trust by 3.0% in the third quarter. Pathstone Holdings LLC now owns 29,686 shares of the real estate investment trust's stock worth $1,663,000 after acquiring an additional 869 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in First Industrial Realty Trust by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock valued at $122,182,000 after acquiring an additional 81,826 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $496,000. Hedge funds and other institutional investors own 99.85% of the company's stock.

Remove Ads

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock traded down $0.13 during midday trading on Thursday, hitting $54.28. 736,302 shares of the company's stock were exchanged, compared to its average volume of 1,024,507. The company has a market cap of $7.19 billion, a P/E ratio of 24.90 and a beta of 1.07. 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 stock has a 50-day moving average price of $54.94 and a two-hundred day moving average price of $53.76. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its 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%. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

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

Analyst Upgrades and Downgrades

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