Mutual of America Capital Management LLC Sells 1,613 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Mutual of America Capital Management LLC reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 69,912 shares of the real estate investment trust’s stock after selling 1,613 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Industrial Realty Trust were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of FR. Rush Island Management LP bought a new position in First Industrial Realty Trust in the third quarter worth $60,848,000. JPMorgan Chase & Co. lifted its holdings in shares of First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after acquiring an additional 747,101 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of First Industrial Realty Trust by 290.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock valued at $50,105,000 after acquiring an additional 665,920 shares during the period. Zimmer Partners LP bought a new position in shares of First Industrial Realty Trust during the third quarter valued at $18,649,000. Finally, NFJ Investment Group LLC bought a new position in shares of First Industrial Realty Trust during the third quarter valued at $7,778,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $58.06 on Thursday. The stock has a 50-day moving average price of $53.23 and a 200 day moving average price of $53.83. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 26.63 and a beta of 1.09. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $58.16.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.07%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 81.65%.

Analyst Upgrades and Downgrades

FR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective for the company. The Goldman Sachs Group raised First Industrial Realty Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $52.00 to $59.00 in a report on Friday, February 21st. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Barclays cut their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Robert W. Baird raised their target price on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.31.

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.