First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 237,395 shares of the real estate investment trust's stock after buying an additional 9,552 shares during the quarter. Asset Management One Co. Ltd. owned 0.18% of First Industrial Realty Trust worth $12,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of First Industrial Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock valued at $962,039,000 after buying an additional 304,589 shares during the last quarter. Invesco Ltd. grew its stake in First Industrial Realty Trust by 80.2% in the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock worth $214,401,000 after purchasing an additional 1,903,164 shares in the last quarter. Geode Capital Management LLC grew its stake in First Industrial Realty Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust's stock worth $124,492,000 after purchasing an additional 14,298 shares in the last quarter. Alliancebernstein L.P. grew its stake in First Industrial Realty Trust by 5.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock worth $121,922,000 after purchasing an additional 130,819 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in First Industrial Realty Trust by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust's stock worth $110,581,000 after purchasing an additional 23,280 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded down $0.18 on Friday, hitting $48.89. The company's stock had a trading volume of 2,856,237 shares, compared to its average volume of 1,175,647. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The firm has a fifty day moving average price of $49.03 and a 200-day moving average price of $51.23. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 24.20 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. The business had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. As a group, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.64%. First Industrial Realty Trust's dividend payout ratio is presently 88.12%.

Analyst Ratings Changes

Several research analysts recently issued reports on FR shares. Scotiabank increased their price objective on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on 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. Wells Fargo & Company reduced their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Barclays reduced their price objective on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered First Industrial Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $55.91.

About First Industrial Realty Trust

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.