Picton Mahoney Asset Management Has $7.19 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Picton Mahoney Asset Management trimmed its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR – Get Rating) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,685 shares of the real estate investment trust’s stock after selling 4,665 shares during the quarter. Picton Mahoney Asset Management owned 0.08% of First Industrial Realty Trust worth $7,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in First Industrial Realty Trust by 15.5% during the 4th quarter. Russell Investments Group Ltd. now owns 715,410 shares of the real estate investment trust’s stock worth $47,340,000 after acquiring an additional 95,774 shares during the last quarter. California Public Employees Retirement System grew its holdings in First Industrial Realty Trust by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 295,382 shares of the real estate investment trust’s stock worth $15,383,000 after acquiring an additional 5,887 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in First Industrial Realty Trust by 10.8% during the 4th quarter. State of Alaska Department of Revenue now owns 180,303 shares of the real estate investment trust’s stock worth $11,934,000 after acquiring an additional 17,578 shares during the last quarter. Strs Ohio boosted its stake in shares of First Industrial Realty Trust by 23.7% in the 4th quarter. Strs Ohio now owns 178,118 shares of the real estate investment trust’s stock valued at $11,791,000 after purchasing an additional 34,079 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $230,000. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Industrial Realty Trust stock traded up $0.64 during trading on Tuesday, reaching $51.23. 2,254,347 shares of the company traded hands, compared to its average volume of 961,287. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.73 and a quick ratio of 0.73. First Industrial Realty Trust, Inc. has a 1-year low of $48.05 and a 1-year high of $66.74. The company has a 50 day moving average price of $60.19 and a 200-day moving average price of $60.73. The firm has a market capitalization of $6.76 billion, a PE ratio of 27.37 and a beta of 0.93.

First Industrial Realty Trust (NYSE:FR – Get Rating) last released its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. First Industrial Realty Trust had a net margin of 50.47% and a return on equity of 11.40%. The company had revenue of $125.50 million for the quarter, compared to the consensus estimate of $123.45 million. During the same quarter in the previous year, the company earned $0.46 EPS. First Industrial Realty Trust’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, June 29th. This represents a $1.18 annualized dividend and a yield of 2.30%. First Industrial Realty Trust’s payout ratio is 63.10%.

A number of research firms have recently commented on FR. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 11th. StockNews.com began coverage on shares of First Industrial Realty Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Mizuho lowered shares of First Industrial Realty Trust from a “buy” rating to a “neutral” rating and upped their price objective for the company from $54.00 to $64.00 in a research note on Thursday, January 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $53.73.

First Industrial Realty Trust Profile (Get Rating)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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