Two Sigma Investments LP Sells 113,579 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Two Sigma Investments LP decreased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 65.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,953 shares of the real estate investment trust's stock after selling 113,579 shares during the quarter. Two Sigma Investments LP's holdings in First Industrial Realty Trust were worth $3,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FR. CIBC Asset Management Inc lifted its stake in First Industrial Realty Trust by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 210 shares during the last quarter. Stifel Financial Corp lifted its position in 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 worth $1,309,000 after buying an additional 222 shares during the last quarter. Principal Securities Inc. boosted its stake in First Industrial Realty Trust by 9.3% in the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock worth $158,000 after buying an additional 269 shares in the last quarter. Blue Trust Inc. grew its position in First Industrial Realty Trust by 30.7% during the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 292 shares during the last quarter. Finally, Arizona State Retirement System grew its position in First Industrial Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 38,409 shares of the real estate investment trust's stock valued at $1,925,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

FR has been the subject of several research reports. Barclays decreased their price objective on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group cut their price target on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada cut their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Robert W. Baird lowered their price target 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. Finally, Wells Fargo & Company reduced their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded down $0.20 during trading hours on Wednesday, hitting $49.16. The company's stock had a trading volume of 150,207 shares, compared to its average volume of 1,145,584. The company has a market cap of $6.51 billion, a PE ratio of 22.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The business has a 50 day moving average price of $48.54 and a two-hundred day moving average price of $51.66. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data 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). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The company had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. Analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be given a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.62%. First Industrial Realty Trust's dividend payout ratio is currently 88.12%.

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.