Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $29.75.

Several equities research analysts have recently issued reports on FR shares. Zacks Investment Research cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and set a $30.00 price objective (up previously from $29.00) on shares of First Industrial Realty Trust in a report on Sunday, June 25th. Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective on shares of First Industrial Realty Trust in a report on Friday, July 28th. Finally, BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th.

Shares of First Industrial Realty Trust (FR) opened at 29.51 on Friday. The stock has a market cap of $3.54 billion, a P/E ratio of 30.05 and a beta of 1.00. First Industrial Realty Trust has a 52-week low of $24.85 and a 52-week high of $31.14. The firm has a 50-day moving average price of $29.44 and a 200-day moving average price of $28.02.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $97.62 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that First Industrial Realty Trust will post $0.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 85.71%.

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In related news, Director Bruce W. Duncan sold 15,146 shares of First Industrial Realty Trust stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $28.68, for a total value of $434,387.28. Following the transaction, the director now owns 949,531 shares in the company, valued at $27,232,549.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.22, for a total value of $604,400.00. Following the completion of the transaction, the chief financial officer now owns 107,273 shares in the company, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. Insiders have sold 62,424 shares of company stock worth $1,864,616 in the last 90 days. Insiders own 1.83% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. OxFORD Asset Management LLP boosted its position in shares of First Industrial Realty Trust by 191.7% in the second quarter. OxFORD Asset Management LLP now owns 168,440 shares of the real estate investment trust’s stock worth $4,821,000 after buying an additional 110,700 shares during the last quarter. Castle Ridge Investment Management LP purchased a new position in shares of First Industrial Realty Trust during the second quarter worth $6,317,000. Dimensional Fund Advisors LP boosted its position in shares of First Industrial Realty Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,832 shares of the real estate investment trust’s stock worth $47,762,000 after buying an additional 56,330 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in shares of First Industrial Realty Trust by 15.8% in the second quarter. Virtu KCG Holdings LLC now owns 10,323 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 1,405 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of First Industrial Realty Trust by 1,008.5% in the second quarter. Renaissance Technologies LLC now owns 588,800 shares of the real estate investment trust’s stock worth $16,851,000 after buying an additional 535,685 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

First Industrial Realty Trust Company Profile

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. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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