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OppenheimerFunds Inc. lifted its equity interest in First Industrial Realty Trust, Inc. (NYSE: FR) by 92.5% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). ). The institutional investor held 15,068 shares of the real estate investment trust after purchasing 7,242 additional shares during the quarter. The holdings of OppenheimerFunds Inc. in First Industrial Realty Trust were worth $ 440,000 at the end of the most recent reporting period.
Several other hedge funds have recently added or reduced their holdings in FR. Raymond James & Associates has purchased a new equity position in First Industrial Realty Trust during the fourth quarter valued at approximately $ 211,000. Zeke Capital Advisors LLC purchased a new equity position in First Industrial Realty Trust during the fourth quarter valued at approximately $ 213,000. Vident Investment Advisory LLC has bought a new equity position in First Industrial Realty Trust during the fourth quarter of approximately $ 236,000. Xact Kapitalforvaltning AB has purchased a new equity position in First Industrial Realty Trust during the 4th quarter valued at approximately $ 267,000. Finally, BlueCrest Capital Management Ltd has purchased a new equity position of First Industrial Realty Trust during the 4th quarter valued at approximately $ 375,000. 90.80% of the stock is currently held by institutional investors.
In addition, Director Bruce W. Duncan sold 16,900 shares of the company in connection with an operation that occurred on Friday, May 11. The shares were sold at an average price of $ 32.24, for a total transaction of $ 544,856.00. As a result of the sale, the director now holds 841,180 shares of the company, valued at approximately $ 27,119,643.20. The sale was disclosed in a document filed with the SEC, which is available on the SEC's website. In addition, Director Bruce W. Duncan sold 11,184 shares of the company in a transaction on Wednesday, May 9th. The stock was sold at an average price of $ 32.23, for a total transaction of $ 360,460.32. As a result of the sale, the director now holds 869,213 shares of the company, valued at approximately $ 28,014,734.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,240 shares valued at $ 6,492,222. 1.71% of the stock is currently owned by insiders of the company.
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Several brokers recently weighed on FR. ValuEngine has raised the shares of First Industrial Realty Trust from a "hold" note to a "buy" note in a research report on Friday, April 27. Mizuho has raised the shares of First Industrial Realty Trust from a "neutral" rating to a "buy" rating and set a price target of $ 31.00 on the stock in a research report on Monday, May 7. SunTrust Banks set a target price of $ 32.00 on the shares of First Industrial Realty Trust and awarded the company a buy-in rating on a research report on Friday, March 2. Finally, Zacks Investment Research has taken the shares of First Industrial Realty Trust from a "sale" note to a "conservation" note in a research report on Friday, April 27. Two financial badysts evaluated the stock with a sales note, three badigned a reserve rating and six gave a purchase note to the company's stock. The stock currently has a consensual rating of "Hold" and a consensus target price of $ 32.86.
The First Industrial Realty Trust action opened Friday at $ 33.41. First Industrial Realty Trust, Inc. has a minimum of $ 52.61 in 52 weeks and a high of $ 33.75 in 52 weeks. The company has a ratio of 1.47, a ratio of 1.47 and a debt ratio of 0.94. The company has a market capitalization of $ 4.17 billion, a price / earnings ratio of 21.28 and a beta of 0.90.
First Industrial Realty Trust (NYSE: FR) has published its quarterly results for the last time on Tuesday, April 24th. The real estate investment trust reported earnings per share (EPS) of $ 0.30 for the quarter, exceeding Thomson Reuters' consensus estimate of $ 0.13 by $ 0.17. First Industrial Realty Trust had a net margin of 53.92% and a return on equity of 15.01%. The company achieved a turnover of $ 99.77 million during the quarter, compared with $ 98.86 million for badysts. During the same quarter last year, the company posted earnings per share of $ 0.36. The quarterly business volume of First Industrial Trust increased by 2.5% over the same quarter of last year. Sell-side badysts are expecting First Industrial Realty Trust, Inc. to post 1.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29 will receive a dividend of $ 0.218 per share. The ex-dividend date of this dividend is Thursday, June 28. This represents an annualized dividend of $ 0.87 and a dividend yield of 2.61%. The distribution rate of First Industrial Realty Trust is currently 55.41%.
Profile of First Industrial Realty Trust Company
First Industrial Realty Trust, Inc. (NYSE: FR) is an integrated leader, owner and operator of industrial real estate with a history of service unequaled customer. multinational companies and regional customers. In key US markets, our local experts manage, lease, buy, (re) develop and sell bulk and regional distribution centers, light industrial facilities and other types of industrial facilities. .
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