First Industrial Realty Trus (FR) Holder Waterfront Capital Partners LLC Has Cut Its Position

October 13, 2018 - By Ash

First Industrial Realty Trust, Inc. (NYSE:FR) LogoInvestors sentiment increased to 1.64 in 2018 Q2. Its up 0.50, from 1.14 in 2018Q1. It is positive, as 23 investors sold FR shares while 57 reduced holdings. 45 funds opened positions while 86 raised stakes. 116.19 million shares or 5.02% more from 110.64 million shares in 2018Q1 were reported. 87,035 were accumulated by Arizona State Retirement System. Teachers Retirement System Of The State Of Kentucky owns 26,428 shares. Advisors Asset Management reported 4,895 shares stake. Chicago Equity Limited Liability Company has 0.02% invested in First Industrial Realty Trust, Inc. (NYSE:FR). Mercer Capital Advisers accumulated 700 shares. Rhumbline Advisers invested 0.02% of its portfolio in First Industrial Realty Trust, Inc. (NYSE:FR). Quadrant Capital Management Llc holds 1% or 42,252 shares in its portfolio. Citadel Advisors Limited Liability Corporation has invested 0.03% in First Industrial Realty Trust, Inc. (NYSE:FR). Neuberger Berman Group Inc Ltd Liability Corp holds 0% or 17,228 shares in its portfolio. Moreover, Whittier has 0% invested in First Industrial Realty Trust, Inc. (NYSE:FR). State Of Alaska Department Of Revenue holds 0.03% or 57,849 shares in its portfolio. 300,948 were reported by Employees Retirement System Of Ohio. Verition Fund Management Ltd Limited Liability Company holds 0.02% of its portfolio in First Industrial Realty Trust, Inc. (NYSE:FR) for 9,093 shares. Hsbc Holdings Pcl has 17,409 shares for 0% of their portfolio. Jefferies Lc stated it has 9,790 shares.

Since April 27, 2018, it had 0 insider buys, and 12 selling transactions for $10.68 million activity. Another trade for 16,900 shares valued at $544,856 was sold by DUNCAN BRUCE W. On Friday, April 27 the insider YAP JOHANNSON L sold $579,277. 15,000 shares were sold by HACKETT H PATRICK JR, worth $478,950 on Monday, July 30. Schultz Peter also sold $329,100 worth of First Industrial Realty Trust, Inc. (NYSE:FR) on Thursday, May 31.

Waterfront Capital Partners Llc decreased its stake in First Industrial Realty Trus (FR) by 17.15% based on its latest 2018Q2 regulatory filing with the SEC. Waterfront Capital Partners Llc sold 156,832 shares as the company’s stock declined 3.15% while stock markets rallied. The hedge fund held 757,846 shares of the consumer services company at the end of 2018Q2, valued at $25.27M, down from 914,678 at the end of the previous reported quarter. Waterfront Capital Partners Llc who had been investing in First Industrial Realty Trus for a number of months, seems to be less bullish one the $3.83 billion market cap company. The stock decreased 0.70% or $0.21 during the last trading session, reaching $29.68. About 757,836 shares traded. First Industrial Realty Trust, Inc. (NYSE:FR) has risen 1.91% since October 13, 2017 and is uptrending. It has underperformed by 13.71% the S&P500.

Waterfront Capital Partners Llc, which manages about $264.42M and $845.00M US Long portfolio, upped its stake in Expedia Group Inc (NASDAQ:EXPE) by 55,353 shares to 140,000 shares, valued at $16.83 million in 2018Q2, according to the filing. It also increased its holding in Forest City Rlty Tr Inc by 356,615 shares in the quarter, for a total of 1.60 million shares, and has risen its stake in Americold Rlty Tr.

Analysts await First Industrial Realty Trust, Inc. (NYSE:FR) to report earnings on October, 24. They expect $0.40 EPS, down 2.44 % or $0.01 from last year’s $0.41 per share. FR’s profit will be $51.58 million for 18.55 P/E if the $0.40 EPS becomes a reality. After $0.39 actual EPS reported by First Industrial Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

More news for First Industrial Realty Trust, Inc. (NYSE:FR) were recently published by: Prnewswire.com, which released: “First Industrial Realty Trust to Host Third Quarter 2018 Results Conference Call” on October 10, 2018. 9News.com‘s article titled: “New 138-acre industrial park coming to Aurora” and published on October 08, 2018 is yet another important article.

First Industrial Realty Trust, Inc. (NYSE:FR) Ratings Coverage

Among 3 analysts covering First Industrial Realty Trust (NYSE:FR), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. First Industrial Realty Trust had 4 analyst reports since April 24, 2018 according to SRatingsIntel. Jefferies maintained First Industrial Realty Trust, Inc. (NYSE:FR) rating on Tuesday, April 24. Jefferies has “Buy” rating and $3500 target. The rating was downgraded by Jefferies to “Hold” on Tuesday, July 17. Mizuho upgraded First Industrial Realty Trust, Inc. (NYSE:FR) on Monday, May 7 to “Buy” rating. JP Morgan maintained First Industrial Realty Trust, Inc. (NYSE:FR) on Friday, July 27 with “Underweight” rating.

First Industrial Realty Trust, Inc. (NYSE:FR) Institutional Positions Chart

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