Cetera Advisor Networks LLC Purchases 1,030 Shares of First Industrial Realty Trust, Inc. (FR)

Cetera Advisor Networks LLC grew its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 13.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,460 shares of the real estate investment trust’s stock after buying an additional 1,030 shares during the period. Cetera Advisor Networks LLC’s holdings in First Industrial Realty Trust were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of First Industrial Realty Trust by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 1,055,887 shares of the real estate investment trust’s stock worth $33,154,000 after acquiring an additional 157,716 shares in the last quarter. Morgan Stanley increased its position in shares of First Industrial Realty Trust by 9.3% in the third quarter. Morgan Stanley now owns 580,131 shares of the real estate investment trust’s stock worth $18,215,000 after acquiring an additional 49,248 shares in the last quarter. Vanguard Group Inc increased its position in shares of First Industrial Realty Trust by 1.2% in the third quarter. Vanguard Group Inc now owns 18,681,684 shares of the real estate investment trust’s stock worth $586,605,000 after acquiring an additional 215,720 shares in the last quarter. Tributary Capital Management LLC increased its position in shares of First Industrial Realty Trust by 9.0% in the fourth quarter. Tributary Capital Management LLC now owns 12,100 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Strs Ohio increased its position in shares of First Industrial Realty Trust by 5.9% in the fourth quarter. Strs Ohio now owns 216,294 shares of the real estate investment trust’s stock worth $6,242,000 after acquiring an additional 11,965 shares in the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of First Industrial Realty Trust in a research report on Wednesday, May 15th. They issued a “buy” rating and a $38.00 price objective for the company. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, March 4th. Mizuho reaffirmed a “buy” rating and set a $38.00 price target on shares of First Industrial Realty Trust in a report on Wednesday, February 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $36.00 price target on shares of First Industrial Realty Trust in a report on Wednesday, February 20th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.08.

In related news, insider Johannson L. Yap sold 15,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $34.02, for a total transaction of $510,300.00. Following the completion of the sale, the insider now directly owns 109,159 shares of the company’s stock, valued at approximately $3,713,589.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.22% of the stock is currently owned by company insiders.

FR opened at $34.62 on Friday. The firm has a market cap of $4.43 billion, a P/E ratio of 21.64, a PEG ratio of 3.22 and a beta of 0.74. First Industrial Realty Trust, Inc. has a twelve month low of $27.30 and a twelve month high of $36.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $104.68 million. First Industrial Realty Trust had a net margin of 36.88% and a return on equity of 9.05%. First Industrial Realty Trust’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Equities analysts forecast that First Industrial Realty Trust, Inc. will post 1.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, June 27th. First Industrial Realty Trust’s payout ratio is 57.50%.

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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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