Lecap Asset Management Ltd. Buys 21,999 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Lecap Asset Management Ltd. lifted its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 163.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,494 shares of the real estate investment trust's stock after purchasing an additional 21,999 shares during the quarter. Lecap Asset Management Ltd.'s holdings in First Industrial Realty Trust were worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FR. CIBC Asset Management Inc boosted its holdings in shares of First Industrial Realty Trust by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after buying an additional 210 shares during the period. Stifel Financial Corp lifted its position in shares of First Industrial Realty Trust by 0.9% in the 4th quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock valued at $1,309,000 after acquiring an additional 222 shares in the last quarter. Fifth Third Bancorp boosted its stake in First Industrial Realty Trust by 22.2% in the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 236 shares during the period. Principal Securities Inc. boosted its stake in First Industrial Realty Trust by 9.3% in the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 269 shares during the period. Finally, Park Avenue Securities LLC raised its stake in First Industrial Realty Trust by 2.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,397 shares of the real estate investment trust's stock valued at $561,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.4%

Shares of First Industrial Realty Trust stock traded down $0.18 during trading on Friday, hitting $48.89. 2,856,237 shares of the stock traded hands, compared to its average volume of 1,175,251. The stock has a market cap of $6.47 billion, a P/E ratio of 24.20 and a beta of 1.08. 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 twelve month low of $40.31 and a twelve month high of $58.17. The company has a fifty day moving average price of $49.05 and a two-hundred day moving average price of $51.20.

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 (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed 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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's payout ratio is 88.12%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company decreased 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 report on Monday, May 19th. Robert W. Baird decreased their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Scotiabank raised their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada decreased their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Hold" and an average price target 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.