Strs Ohio Has $6.90 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Strs Ohio cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,674 shares of the real estate investment trust’s stock after selling 8,243 shares during the period. Strs Ohio owned 0.15% of First Industrial Realty Trust worth $6,895,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its stake in First Industrial Realty Trust by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 91,800 shares of the real estate investment trust’s stock worth $3,373,000 after acquiring an additional 898 shares during the period. First Quadrant L P CA increased its stake in First Industrial Realty Trust by 26.2% during the 2nd quarter. First Quadrant L P CA now owns 29,288 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 6,074 shares during the period. Daiwa Securities Group Inc. increased its stake in First Industrial Realty Trust by 4.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,600 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 900 shares during the period. Convergence Investment Partners LLC bought a new position in First Industrial Realty Trust during the 2nd quarter worth $213,000. Finally, State of Alaska Department of Revenue increased its stake in First Industrial Realty Trust by 19.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 49,026 shares of the real estate investment trust’s stock worth $1,800,000 after acquiring an additional 8,128 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on FR shares. Goldman Sachs Group started coverage on First Industrial Realty Trust in a research note on Wednesday, May 15th. They set a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. First Industrial Realty Trust has a consensus rating of “Buy” and an average target price of $32.70.

Shares of FR stock traded down $0.58 during trading hours on Friday, reaching $37.96. The company’s stock had a trading volume of 45,430 shares, compared to its average volume of 718,732. The company’s 50 day moving average is $37.40. The firm has a market capitalization of $4.74 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 3.42 and a beta of 0.71. First Industrial Realty Trust, Inc. has a fifty-two week low of $27.30 and a fifty-two week high of $38.89. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.83.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, September 27th. First Industrial Realty Trust’s dividend payout ratio is presently 57.50%.

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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