State of Alaska Department of Revenue Increases Position in First Industrial Realty Trust, Inc. (NYSE:FR)

State of Alaska Department of Revenue lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,208 shares of the real estate investment trust’s stock after acquiring an additional 321 shares during the quarter. State of Alaska Department of Revenue owned 0.18% of First Industrial Realty Trust worth $11,890,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FR. JPMorgan Chase & Co. grew 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 valued at $187,798,000 after acquiring an additional 747,101 shares during the period. Geode Capital Management LLC grew its holdings in First Industrial Realty Trust by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock valued at $138,214,000 after purchasing an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. increased its position in First Industrial Realty Trust by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock worth $122,182,000 after buying an additional 81,826 shares during the last quarter. Rush Island Management LP bought a new stake in shares of First Industrial Realty Trust in the third quarter valued at $60,848,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of First Industrial Realty Trust by 290.6% during 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 valued at $50,105,000 after buying an additional 665,920 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $55.13 on Friday. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.30 billion, a PE ratio of 23.66 and a beta of 1.09. The stock has a 50-day moving average price of $51.56 and a 200-day moving average price of $53.49.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. As a group, equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.64 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.23%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.52%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective on the stock. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Finally, Barclays dropped their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, First Industrial Realty Trust has an average rating of “Hold” and a consensus price target of $57.38.

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.