First Industrial Realty Trust, Inc. (NYSE:FR) Shares Acquired by Westpac Banking Corp

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Westpac Banking Corp lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,436 shares of the real estate investment trust’s stock after purchasing an additional 1,560 shares during the quarter. Westpac Banking Corp owned about 0.07% of First Industrial Realty Trust worth $3,139,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FR. Signaturefd LLC boosted its holdings in First Industrial Realty Trust by 12.8% in the 1st quarter. Signaturefd LLC now owns 2,814 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 320 shares during the period. Exane Derivatives acquired a new stake in shares of First Industrial Realty Trust in the first quarter valued at about $164,000. Rockefeller Capital Management L.P. acquired a new stake in shares of First Industrial Realty Trust in the first quarter valued at about $169,000. World Asset Management Inc purchased a new stake in shares of First Industrial Realty Trust in the first quarter valued at about $209,000. Finally, Convergence Investment Partners LLC purchased a new stake in shares of First Industrial Realty Trust in the second quarter valued at about $213,000. 93.37% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FR opened at $38.59 on Friday. The stock has a fifty day simple moving average of $37.65 and a 200-day simple moving average of $35.61. First Industrial Realty Trust, Inc. has a 52-week low of $27.30 and a 52-week high of $38.89. The company has a market capitalization of $4.77 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 3.44 and a beta of 0.71. 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 announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.11). The firm 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 previous year, the firm posted $0.39 EPS. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 1.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.38%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 57.50%.

Several research analysts have recently issued reports on the company. Goldman Sachs Group assumed coverage on First Industrial Realty Trust in a research note on Wednesday, May 15th. They set a “buy” rating and a $38.00 price target for the company. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. First Industrial Realty Trust has an average rating of “Buy” and a consensus price target of $32.70.

First Industrial Realty Trust Profile

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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