First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 34.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,978 shares of the real estate investment trust’s stock after purchasing an additional 12,743 shares during the period. New York State Teachers Retirement System’s holdings in First Industrial Realty Trust were worth $2,505,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Rush Island Management LP bought a new position in First Industrial Realty Trust during the 3rd quarter worth approximately $60,848,000. JPMorgan Chase & Co. raised its position in shares of First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after purchasing an additional 747,101 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of First Industrial Realty Trust by 290.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock worth $50,105,000 after purchasing an additional 665,920 shares during the last quarter. Zimmer Partners LP acquired a new position in First Industrial Realty Trust during the 3rd quarter valued at approximately $18,649,000. Finally, NFJ Investment Group LLC bought a new position in First Industrial Realty Trust during the 3rd quarter worth $7,778,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 0.1 %

Shares of FR stock opened at $55.69 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market cap of $7.37 billion, a P/E ratio of 25.55 and a beta of 1.09. The stock has a 50 day simple moving average of $52.26 and a 200 day simple moving average of $53.63. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 67.89%.

Wall Street Analysts Forecast Growth

FR has been the topic of a number of analyst reports. Barclays dropped their price objective 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. Robert W. Baird upped their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price target for the stock from $52.00 to $59.00 in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target 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.