First Industrial Realty Trust, Inc. (FR): Insiders Are Buying, Should You?

Page 1 of 2

Is First Industrial Realty Trust, Inc. (NYSE:FR) an attractive investment now? Investors who are in the know are getting less bullish. The number of bullish hedge fund bets were trimmed by 1 lately.

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

In the eyes of most stock holders, hedge funds are seen as slow, old investment vehicles of years past. While there are greater than 8000 funds with their doors open at the moment, we at Insider Monkey look at the bigwigs of this group, about 450 funds. It is estimated that this group controls most of all hedge funds’ total capital, and by monitoring their highest performing investments, we have formulated a number of investment strategies that have historically beaten the S&P 500 index. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Equally as key, positive insider trading activity is another way to break down the stock market universe. Obviously, there are a variety of incentives for an executive to downsize shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the impressive potential of this tactic if you understand where to look (learn more here).

Keeping this in mind, we’re going to take a glance at the latest action encompassing First Industrial Realty Trust, Inc. (NYSE:FR).

What does the smart money think about First Industrial Realty Trust, Inc. (NYSE:FR)?

At Q1′s end, a total of 13 of the hedge funds we track held long positions in this stock, a change of -7% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their holdings meaningfully.

When looking at the hedgies we track, Martin Whitman’s Third Avenue Management had the most valuable position in First Industrial Realty Trust, Inc. (NYSE:FR), worth close to $74.9 million, accounting for 1.4% of its total 13F portfolio. Coming in second is Robert Jaffe of Force Capital, with a $16.6 million position; 1.6% of its 13F portfolio is allocated to the company. Some other hedge funds with similar optimism include Cliff Asness’s AQR Capital Management, Jim Simons’s Renaissance Technologies and Ken Griffin’s Citadel Investment Group.

Seeing as First Industrial Realty Trust, Inc. (NYSE:FR) has witnessed falling interest from the entirety of the hedge funds we track, it’s easy to see that there lies a certain “tier” of hedge funds who sold off their positions entirely at the end of the first quarter. At the top of the heap, Matthew Tewksbury’s Stevens Capital Management sold off the largest stake of the “upper crust” of funds we key on, worth an estimated $0.9 million in stock.. David Costen Haley’s fund, HBK Investments, also dumped its stock, about $0.2 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 1 funds at the end of the first quarter.

What do corporate executives and insiders think about First Industrial Realty Trust, Inc. (NYSE:FR)?

Insider buying is at its handiest when the company in question has experienced transactions within the past 180 days. Over the latest half-year time frame, First Industrial Realty Trust, Inc. (NYSE:FR) has seen 1 unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to First Industrial Realty Trust, Inc. (NYSE:FR). These stocks are CubeSmart (NYSE:CUBE), DCT Industrial Trust Inc. (NYSE:DCT), Sovran Self Storage Inc (NYSE:SSS), Eastgroup Properties Inc (NYSE:EGP), and Potlatch Corporation (NASDAQ:PCH). This group of stocks are in the reit – industrial industry and their market caps match FR’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!