First Industrial Realty Trust, Inc. (NYSE:FR) Stock Holdings Increased by Bamco Inc. NY

Bamco Inc. NY boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,939 shares of the real estate investment trust’s stock after buying an additional 2,700 shares during the quarter. Bamco Inc. NY owned approximately 0.07% of First Industrial Realty Trust worth $4,568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FR. Farmers & Merchants Investments Inc. grew its holdings in shares of First Industrial Realty Trust by 781.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 529 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 469 shares during the last quarter. Mather Group LLC. bought a new position in shares of First Industrial Realty Trust during the first quarter valued at approximately $50,000. EdgeRock Capital LLC bought a new position in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $56,000. C M Bidwell & Associates Ltd. grew its holdings in shares of First Industrial Realty Trust by 119.5% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,405 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 765 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in First Industrial Realty Trust in the 4th quarter worth approximately $82,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Up 0.8 %

Shares of NYSE FR traded up $0.42 during mid-day trading on Monday, reaching $54.13. The company had a trading volume of 170,540 shares, compared to its average volume of 1,055,140. First Industrial Realty Trust, Inc. has a twelve month low of $40.44 and a twelve month high of $55.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $7.16 billion, a PE ratio of 24.75 and a beta of 1.07. The stock’s 50 day moving average is $48.45 and its 200-day moving average is $50.26.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The company had revenue of $164.10 million during the quarter, compared to analyst estimates of $163.48 million. First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.61 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Friday, June 28th. First Industrial Realty Trust’s payout ratio is 68.20%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FR. BNP Paribas began coverage on First Industrial Realty Trust in a report on Tuesday, June 4th. They issued an “outperform” rating and a $57.00 price objective for the company. The Goldman Sachs Group upped their target price on First Industrial Realty Trust from $46.00 to $52.00 and gave the stock a “sell” rating in a research report on Friday. Scotiabank cut their target price on First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Mizuho restated a “buy” rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Finally, Wedbush downgraded First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $59.00 to $49.00 in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.55.

First Industrial Realty Trust 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.