Boston Common Asset Management LLC Grows Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Boston Common Asset Management LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 28.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 84,028 shares of the real estate investment trust’s stock after buying an additional 18,749 shares during the period. Boston Common Asset Management LLC’s holdings in First Industrial Realty Trust were worth $4,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of First Industrial Realty Trust by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 42,763 shares of the real estate investment trust’s stock worth $2,032,000 after acquiring an additional 3,884 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Industrial Realty Trust by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 215,455 shares of the real estate investment trust’s stock worth $10,236,000 after acquiring an additional 9,188 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of First Industrial Realty Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock worth $96,133,000 after acquiring an additional 118,239 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of First Industrial Realty Trust by 77.7% during the 2nd quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust’s stock worth $6,813,000 after acquiring an additional 62,700 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of First Industrial Realty Trust by 23.5% during the 2nd quarter. XTX Topco Ltd now owns 13,627 shares of the real estate investment trust’s stock worth $647,000 after acquiring an additional 2,597 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Down 1.3 %

Shares of NYSE:FR opened at $50.76 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The company has a 50 day moving average of $51.60 and a two-hundred day moving average of $53.15. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 21.78 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same quarter last year, the company earned $0.62 earnings per share. First Industrial Realty Trust’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.92%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

Analyst Upgrades and Downgrades

FR has been the topic of several recent analyst reports. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a report on Tuesday. They set a “hold” rating and a $52.00 price objective on the stock. Finally, Barclays dropped their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus target price 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.