Stephens Inc. AR Lowers Position in First Industrial Realty Trust, Inc. (FR)

Stephens Inc. AR lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 98,940 shares of the real estate investment trust’s stock after selling 7,284 shares during the quarter. Stephens Inc. AR’s holdings in First Industrial Realty Trust were worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FR. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at approximately $213,000. Shelton Capital Management acquired a new stake in shares of First Industrial Realty Trust in the second quarter valued at approximately $233,000. Lourd Capital LLC acquired a new stake in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $244,000. Virtu KCG Holdings LLC increased its holdings in shares of First Industrial Realty Trust by 15.8% in the second quarter. Virtu KCG Holdings LLC now owns 10,323 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 1,405 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at approximately $307,000. 93.15% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 6th. KeyCorp reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research note on Tuesday, October 24th. ValuEngine cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Jefferies Group raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $32.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. First Industrial Realty Trust currently has an average rating of “Hold” and an average target price of $32.29.

In other news, Director Bruce W. Duncan sold 16,854 shares of First Industrial Realty Trust stock in a transaction on Friday, December 8th. The shares were sold at an average price of $32.42, for a total transaction of $546,406.68. Following the transaction, the director now directly owns 866,966 shares of the company’s stock, valued at $28,107,037.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.71% of the stock is currently owned by company insiders.

First Industrial Realty Trust, Inc. (NYSE FR) opened at $27.75 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $25.56 and a 52 week high of $32.91. The stock has a market cap of $3,436.01, a P/E ratio of 25.93 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98.

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About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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