Phocas Financial Corp. buys $18,446,370 stake in First Industrial Realty Trust (FR)

First Industrial Realty Trust (FR) : Phocas Financial Corp. scooped up 36,243 additional shares in First Industrial Realty Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 631,725 shares of First Industrial Realty Trust which is valued at $18,446,370.First Industrial Realty Trust makes up approximately 1.28% of Phocas Financial Corp.’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in FR in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 9,338 shares of First Industrial Realty Trust which is valued at $272,670. First Industrial Realty Trust makes up approx 0.01% of D.a. Davidson’s portfolio.Davis Selected Advisers reduced its stake in FR by selling 65,275 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 712,102 shares of FR which is valued at $20,793,378. First Industrial Realty Trust makes up approx 0.09% of Davis Selected Advisers’s portfolio.Ubs Asset Management Americas Inc boosted its stake in FR in the latest quarter, The investment management firm added 14,392 additional shares and now holds a total of 191,904 shares of First Industrial Realty Trust which is valued at $5,555,621. First Industrial Realty Trust makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Chartwell Investment Partners boosted its stake in FR in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 548,445 shares of First Industrial Realty Trust which is valued at $15,921,358. First Industrial Realty Trust makes up approx 0.27% of Chartwell Investment Partners’s portfolio.

First Industrial Realty Trust closed down -0.26 points or -0.90% at $28.51 with 8,25,087 shares getting traded on Thursday. Post opening the session at $28.79, the shares hit an intraday low of $28.37 and an intraday high of $28.8 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, First Industrial Realty Trust reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.35. The company had revenue of $93.01 million for the quarter, compared to analysts expectations of $94.08 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Investors should note that on Aug 2, 2016, First Industrial Realty Trust announced a cash dividend of $0.1900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on First Industrial Realty Trust. First Industrial Realty Trust was Downgraded by Jefferies to ” Hold” on Jun 1, 2016.

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. The Trust owns approximately 634 in-service industrial properties containing approximately 62.4 million square feet of gross leasable area (GLA). Its in-service portfolio consisted of approximately 285 light industrial properties 90 R&D/flex properties 160 bulk warehouse properties and 99 regional warehouse properties located in 25 states. Its in-service portfolio includes all properties other than developed redeveloped and acquired properties that have not yet reached stabilized occupancy. The Trust’s interests in its properties and land parcels are held through partnerships corporations and limited liability companies controlled directly or indirectly by the Trust including the Operating Partnership and through its REIT subsidiaries.

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