First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 90,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $32.24, for a total value of $2,901,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE FR opened at $32.40 on Friday. First Industrial Realty Trust, Inc. has a twelve month low of $27.61 and a twelve month high of $34.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 20.34 and a beta of 0.65.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. First Industrial Realty Trust had a net margin of 52.47% and a return on equity of 13.40%. The firm had revenue of $100.26 million for the quarter, compared to analysts’ expectations of $99.74 million. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 1.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Monday, December 31st will be given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, December 28th. First Industrial Realty Trust’s payout ratio is 55.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. grew its position in First Industrial Realty Trust by 10.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 16,631 shares of the real estate investment trust’s stock worth $555,000 after purchasing an additional 1,563 shares in the last quarter. Fifth Third Bancorp grew its position in First Industrial Realty Trust by 2.6% during the 3rd quarter. Fifth Third Bancorp now owns 64,635 shares of the real estate investment trust’s stock worth $2,030,000 after purchasing an additional 1,653 shares in the last quarter. United Services Automobile Association grew its position in First Industrial Realty Trust by 9.5% during the 2nd quarter. United Services Automobile Association now owns 20,225 shares of the real estate investment trust’s stock worth $674,000 after purchasing an additional 1,755 shares in the last quarter. Greenwood Capital Associates LLC grew its position in First Industrial Realty Trust by 29.3% during the 3rd quarter. Greenwood Capital Associates LLC now owns 8,254 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 1,872 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in First Industrial Realty Trust by 13.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,300 shares of the real estate investment trust’s stock worth $577,000 after purchasing an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

FR has been the topic of several research reports. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Zacks Investment Research cut shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.67.

ILLEGAL ACTIVITY WARNING: “First Industrial Realty Trust, Inc. (FR) Director Sells $2,901,600.00 in Stock” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.watchlistnews.com/first-industrial-realty-trust-inc-fr-director-sells-2901600-00-in-stock/2666439.html.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

Featured Article: Cost of Capital

Insider Buying and Selling by Quarter for First Industrial Realty Trust (NYSE:FR)

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.