Zurcher Kantonalbank Zurich Cantonalbank Acquires 24,814 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 34.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,655 shares of the real estate investment trust's stock after buying an additional 24,814 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of First Industrial Realty Trust worth $4,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FR. CIBC Asset Management Inc increased its holdings in First Industrial Realty Trust by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 210 shares in the last quarter. UMB Bank n.a. increased its stake in shares of First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. raised 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 during the period. Stifel Financial Corp lifted its stake 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 buying an additional 278 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its holdings in 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 buying an additional 292 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

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First Industrial Realty Trust Trading Down 0.7 %

Shares of NYSE:FR traded down $0.37 during trading on Tuesday, reaching $55.21. The company's stock had a trading volume of 1,336,229 shares, compared to its average volume of 1,022,573. The firm's 50 day simple moving average is $54.17 and its two-hundred day simple moving average is $53.84. 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 12 month low of $45.10 and a 12 month high of $58.17. The stock has a market capitalization of $7.31 billion, a PE ratio of 25.32 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. On average, research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.22%. First Industrial Realty Trust's payout ratio is 81.65%.

Analyst Upgrades and Downgrades

FR has been the topic of several research analyst reports. Robert W. Baird boosted 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. The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $52.00 to $59.00 in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for the company. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Finally, Barclays reduced their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.31.

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.