Mitsubishi UFJ Trust & Banking Corp Lowers Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 68.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 876 shares of the real estate investment trust’s stock after selling 1,942 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in First Industrial Realty Trust were worth $58,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of First Industrial Realty Trust by 21.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 3,685,960 shares of the real estate investment trust’s stock worth $191,965,000 after acquiring an additional 648,092 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of First Industrial Realty Trust by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,024,262 shares of the real estate investment trust’s stock worth $134,007,000 after acquiring an additional 38,929 shares in the last quarter. Hsbc Holdings PLC lifted its stake in First Industrial Realty Trust by 20.8% in the 3rd quarter. Hsbc Holdings PLC now owns 1,188,020 shares of the real estate investment trust’s stock valued at $62,672,000 after buying an additional 204,916 shares in the last quarter. Waterfront Capital Partners LLC lifted its stake in First Industrial Realty Trust by 3.5% in the 3rd quarter. Waterfront Capital Partners LLC now owns 988,024 shares of the real estate investment trust’s stock valued at $51,456,000 after buying an additional 33,673 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in First Industrial Realty Trust by 3.9% in the 3rd quarter. Millennium Management LLC now owns 941,648 shares of the real estate investment trust’s stock valued at $49,041,000 after buying an additional 35,562 shares in the last quarter. 96.39% of the stock is currently owned by institutional investors and hedge funds.

Separately, StockNews.com assumed coverage on shares of First Industrial Realty Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust presently has an average rating of “Buy” and an average target price of $53.73.

FR opened at $53.36 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $59.69 and its two-hundred day simple moving average is $60.53. First Industrial Realty Trust, Inc. has a 1-year low of $49.08 and a 1-year high of $66.74. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 28.53 and a beta of 0.93.

First Industrial Realty Trust (NYSE:FRGet Rating) last released its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. First Industrial Realty Trust had a net margin of 50.47% and a return on equity of 11.40%. The business had revenue of $125.50 million for the quarter, compared to analyst estimates of $123.45 million. During the same period last year, the company posted $0.46 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 18th. Shareholders of record on Thursday, June 30th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, June 29th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.10%.

First Industrial Realty Trust Company Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc. (NYSE:FRGet Rating).

Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.