AlphaCrest Capital Management LLC Acquires 11,608 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

AlphaCrest Capital Management LLC boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 252.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,203 shares of the real estate investment trust’s stock after purchasing an additional 11,608 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in First Industrial Realty Trust were worth $1,073,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Fieldpoint Private Securities LLC boosted its stake in First Industrial Realty Trust by 29.4% during the 4th quarter. Fieldpoint Private Securities LLC now owns 770 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 175 shares during the period. Hancock Whitney Corp lifted its position in shares of First Industrial Realty Trust by 5.6% in the 4th quarter. Hancock Whitney Corp now owns 4,532 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 239 shares during the period. MUFG Americas Holdings Corp lifted its position in shares of First Industrial Realty Trust by 97.3% in the 4th quarter. MUFG Americas Holdings Corp now owns 517 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 255 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in shares of First Industrial Realty Trust by 1.3% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 21,598 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 267 shares during the period. Finally, Huntington National Bank lifted its position in shares of First Industrial Realty Trust by 28.5% in the 4th quarter. Huntington National Bank now owns 1,352 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 96.39% of the company’s stock.

Separately, StockNews.com started coverage on First Industrial Realty Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $53.73.

Shares of FR opened at $53.36 on Friday. First Industrial Realty Trust, Inc. has a 1 year low of $49.08 and a 1 year high of $66.74. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $59.69 and a 200-day simple moving average of $60.53. The stock has a market cap of $7.04 billion, a PE ratio of 28.53 and a beta of 0.93.

First Industrial Realty Trust (NYSE:FRGet Rating) last issued its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. First Industrial Realty Trust had a return on equity of 11.40% and a net margin of 50.47%. The business had revenue of $125.50 million during the quarter, compared to analysts’ expectations of $123.45 million. During the same period in the prior year, the firm posted $0.46 EPS. First Industrial Realty Trust’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 18th. Investors of record on Thursday, June 30th will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, June 29th. This represents a $1.18 dividend on an annualized basis and a yield of 2.21%. First Industrial Realty Trust’s dividend payout ratio is 63.10%.

First Industrial Realty Trust Profile (Get Rating)

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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