Allianz Asset Management GmbH Trims Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Allianz Asset Management GmbH reduced its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 22.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,137 shares of the real estate investment trust's stock after selling 178,710 shares during the period. Allianz Asset Management GmbH owned 0.46% of First Industrial Realty Trust worth $33,085,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 15.7% during the fourth quarter. HighTower Advisors LLC now owns 6,918 shares of the real estate investment trust's stock valued at $347,000 after buying an additional 939 shares during the last quarter. Natixis Advisors LLC lifted its stake in First Industrial Realty Trust by 12.5% in the 4th quarter. Natixis Advisors LLC now owns 28,676 shares of the real estate investment trust's stock worth $1,438,000 after purchasing an additional 3,179 shares in the last quarter. American Century Companies Inc. grew its holdings in First Industrial Realty Trust by 3.4% during the 4th quarter. American Century Companies Inc. now owns 44,017 shares of the real estate investment trust's stock valued at $2,207,000 after buying an additional 1,429 shares in the last quarter. Sei Investments Co. increased its holdings in shares of First Industrial Realty Trust by 2.6% in the 4th quarter. Sei Investments Co. now owns 111,564 shares of the real estate investment trust's stock worth $5,592,000 after buying an additional 2,846 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of First Industrial Realty Trust in the 4th quarter worth about $1,367,000. 99.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. reduced their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group decreased their price target on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird dropped their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $55.91.

First Industrial Realty Trust Trading Down 1.7%

Shares of FR traded down $0.84 during trading on Thursday, reaching $50.20. 1,040,608 shares of the company traded hands, compared to its average volume of 1,730,588. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The stock has a market cap of $6.65 billion, a PE ratio of 24.49 and a beta of 1.07. The stock has a 50-day simple moving average of $49.36 and a 200-day simple moving average of $51.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The firm had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. On average, analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, June 30th were given a dividend of $0.445 per share. The ex-dividend date was Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.55%. First Industrial Realty Trust's dividend payout ratio is presently 86.83%.

First Industrial Realty Trust 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.