Russell Investments Group Ltd. Purchases 15,068 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Russell Investments Group Ltd. increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,930 shares of the real estate investment trust’s stock after purchasing an additional 15,068 shares during the period. Russell Investments Group Ltd. owned 0.14% of First Industrial Realty Trust worth $6,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in First Industrial Realty Trust by 10.3% during the first quarter. BlackRock Inc. now owns 21,236,093 shares of the real estate investment trust’s stock valued at $750,907,000 after acquiring an additional 1,981,659 shares in the last quarter. Prudential Financial Inc. grew its stake in First Industrial Realty Trust by 196.8% during the second quarter. Prudential Financial Inc. now owns 1,216,206 shares of the real estate investment trust’s stock valued at $44,684,000 after acquiring an additional 806,385 shares in the last quarter. Principal Financial Group Inc. grew its stake in First Industrial Realty Trust by 7.2% during the first quarter. Principal Financial Group Inc. now owns 4,489,314 shares of the real estate investment trust’s stock valued at $158,741,000 after acquiring an additional 302,461 shares in the last quarter. JPMorgan Chase & Co. grew its stake in First Industrial Realty Trust by 27.2% during the second quarter. JPMorgan Chase & Co. now owns 1,173,104 shares of the real estate investment trust’s stock valued at $42,267,000 after acquiring an additional 250,838 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in First Industrial Realty Trust by 27.8% during the second quarter. Allianz Asset Management GmbH now owns 843,119 shares of the real estate investment trust’s stock valued at $30,977,000 after acquiring an additional 183,496 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

Separately, Zacks Investment Research cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.70.



FR traded up $0.32 during trading on Friday, hitting $39.35. 8,653 shares of the company traded hands, compared to its average volume of 637,174. The company has a market cap of $4.88 billion, a PE ratio of 24.56, a P/E/G ratio of 3.51 and a beta of 0.72. The stock’s 50-day simple moving average is $38.40 and its two-hundred day simple moving average is $36.26. First Industrial Realty Trust, Inc. has a 1 year low of $27.30 and a 1 year high of $39.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.83.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.11). First Industrial Realty Trust had a net margin of 35.11% and a return on equity of 8.70%. The company had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $105.62 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Equities analysts expect that First Industrial Realty Trust, Inc. will post 1.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.34%. First Industrial Realty Trust’s payout ratio is currently 57.50%.

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.

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

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