Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,841 shares of the real estate investment trust’s stock after acquiring an additional 1,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of First Industrial Realty Trust worth $4,022,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of First Industrial Realty Trust by 77.9% in the third quarter. BNP Paribas Financial Markets now owns 121,655 shares of the real estate investment trust’s stock valued at $6,810,000 after purchasing an additional 53,266 shares in the last quarter. FMR LLC boosted its stake in First Industrial Realty Trust by 6.2% during the third quarter. FMR LLC now owns 326,754 shares of the real estate investment trust’s stock worth $18,292,000 after buying an additional 18,958 shares during the last quarter. Cerity Partners LLC purchased a new stake in First Industrial Realty Trust in the 3rd quarter valued at $496,000. Charles Schwab Investment Management Inc. increased its stake in shares of First Industrial Realty Trust by 3.9% in the 3rd 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 acquiring an additional 81,826 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in shares of First Industrial Realty Trust by 171.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 14,082 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 8,900 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.9 %

Shares of NYSE:FR opened at $52.98 on Tuesday. The firm has a market capitalization of $7.01 billion, a PE ratio of 22.74 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average is $54.02 and its two-hundred day moving average is $52.35.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Analysts predict that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.79%. First Industrial Realty Trust’s payout ratio is 63.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FR shares. Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a report on Tuesday, August 13th. Wells Fargo & Company raised their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Barclays decreased their price objective on 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. Scotiabank raised their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Mizuho upped their price target on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.83.

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.