First Industrial Realty Trust, Inc. (FR) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,399 shares of the real estate investment trust’s stock after selling 2,007 shares during the period. Stephens Inc. AR’s holdings in First Industrial Realty Trust were worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. South Dakota Investment Council raised its holdings in First Industrial Realty Trust by 11.3% in the 1st quarter. South Dakota Investment Council now owns 93,800 shares of the real estate investment trust’s stock worth $3,317,000 after purchasing an additional 9,500 shares during the period. California Public Employees Retirement System raised its holdings in First Industrial Realty Trust by 5.0% in the 1st quarter. California Public Employees Retirement System now owns 169,753 shares of the real estate investment trust’s stock worth $6,002,000 after purchasing an additional 8,127 shares during the period. Texas Permanent School Fund increased its stake in First Industrial Realty Trust by 4.0% during the 1st quarter. Texas Permanent School Fund now owns 85,955 shares of the real estate investment trust’s stock worth $3,039,000 after buying an additional 3,301 shares in the last quarter. Rhumbline Advisers increased its stake in First Industrial Realty Trust by 1.6% during the 1st quarter. Rhumbline Advisers now owns 441,079 shares of the real estate investment trust’s stock worth $15,597,000 after buying an additional 7,105 shares in the last quarter. Finally, Starr International Co. Inc. purchased a new stake in First Industrial Realty Trust during the 1st quarter worth approximately $1,762,000. 92.62% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on FR shares. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Monday, March 4th. SunTrust Banks reiterated a “buy” rating and set a $36.00 price objective on shares of First Industrial Realty Trust in a research note on Wednesday, February 20th. Mizuho reiterated a “buy” rating and set a $38.00 price objective on shares of First Industrial Realty Trust in a research note on Wednesday, February 20th. Finally, Goldman Sachs Group started coverage on First Industrial Realty Trust in a research note on Wednesday. They set a “buy” rating and a $38.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.08.



In other news, CFO Scott A. Musil sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $33.90, for a total value of $440,700.00. Following the completion of the sale, the chief financial officer now directly owns 110,989 shares in the company, valued at $3,762,527.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johannson L. Yap sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $34.02, for a total value of $510,300.00. Following the completion of the sale, the insider now owns 109,159 shares of the company’s stock, valued at $3,713,589.18. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

NYSE:FR opened at $34.75 on Thursday. First Industrial Realty Trust, Inc. has a 12 month low of $27.30 and a 12 month high of $36.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.16 and a beta of 0.74.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $104.68 million. First Industrial Realty Trust had a net margin of 36.88% and a return on equity of 9.05%. First Industrial Realty Trust’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. Equities research analysts forecast that First Industrial Realty Trust, Inc. will post 1.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.23 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.65%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 57.50%.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://dakotafinancialnews.com/2019/05/16/first-industrial-realty-trust-inc-fr-shares-sold-by-stephens-inc-ar.html.

First Industrial Realty Trust Profile

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.

Recommended Story: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc. (NYSE:FR).

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

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.