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Pictet raises stake in First Industrial Realty Trust as company beats earnings, boosts dividend.
Swiss asset manager Pictet increased its holdings in First Industrial Realty Trust, a major logistics property owner, by 1.2% to 41,279 shares.
The company beat earnings estimates, reporting $0.71 EPS compared to expected $0.35.
First Industrial also increased its dividend to $0.445 per share, with a yield of 3.73%.
Analysts predict the company will post 2.89 EPS for the year.
Institutional investors hold 99.85% of the stock.
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Pictet aumenta la participación en First Industrial Realty Trust a medida que la compañía supera las ganancias, aumenta los dividendos.