Teacher Retirement System of Texas Sells 2197 Shares of First Industrial Realty Trust, Inc. (FR)

Teacher Retirement System of Texas lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,366 shares of the real estate investment trust’s stock after selling 2,197 shares during the period. Teacher Retirement System of Texas’ holdings in First Industrial Realty Trust were worth $812,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Barings LLC purchased a new position in shares of First Industrial Realty Trust in the first quarter valued at $45,098,000. Thrivent Financial for Lutherans boosted its stake in shares of First Industrial Realty Trust by 304.8% in the first quarter. Thrivent Financial for Lutherans now owns 384,113 shares of the real estate investment trust’s stock valued at $11,228,000 after purchasing an additional 289,227 shares during the period. Citadel Advisors LLC boosted its stake in shares of First Industrial Realty Trust by 18.4% in the first quarter. Citadel Advisors LLC now owns 1,407,097 shares of the real estate investment trust’s stock valued at $41,129,000 after purchasing an additional 219,075 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of First Industrial Realty Trust by 48.0% in the first quarter. Allianz Asset Management GmbH now owns 623,674 shares of the real estate investment trust’s stock valued at $18,230,000 after purchasing an additional 202,247 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of First Industrial Realty Trust in the first quarter valued at $5,875,000. 94.72% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on FR. ValuEngine upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of First Industrial Realty Trust from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Friday, July 27th. Jefferies Financial Group downgraded shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, SunTrust Banks set a $35.00 price objective on shares of First Industrial Realty Trust and gave the company a “buy” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.71.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 30,000 shares of the stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $33.42, for a total transaction of $1,002,600.00. Following the transaction, the director now directly owns 642,564 shares in the company, valued at approximately $21,474,488.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H Patrick Hackett, Jr. sold 15,000 shares of the stock in a transaction on Monday, July 30th. The shares were sold at an average price of $31.93, for a total transaction of $478,950.00. Following the transaction, the director now owns 52,577 shares in the company, valued at $1,678,783.61. The disclosure for this sale can be found here. Insiders have sold a total of 105,000 shares of company stock worth $3,454,950 over the last quarter. 1.71% of the stock is currently owned by insiders.

NYSE FR opened at $32.46 on Friday. First Industrial Realty Trust, Inc. has a 12 month low of $27.61 and a 12 month high of $34.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 20.62 and a beta of 0.79.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.19. First Industrial Realty Trust had a net margin of 55.66% and a return on equity of 14.81%. The firm had revenue of $98.85 million for the quarter, compared to the consensus estimate of $98.71 million. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. research analysts expect that First Industrial Realty Trust, Inc. will post 1.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.218 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.87 dividend on an annualized basis and a yield of 2.69%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 55.41%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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