Jefferies Group LLC restated their hold rating on shares of First Industrial Realty Trust, Inc. (NYSE:FR) in a report issued on Friday. The brokerage currently has a $34.00 target price on the real estate investment trust’s stock. Jefferies Group also issued estimates for First Industrial Realty Trust’s FY2017 earnings at $1.57 EPS and FY2019 earnings at $1.77 EPS.

A number of other brokerages also recently issued reports on FR. Zacks Investment Research raised shares of First Industrial Realty Trust from a sell rating to a hold rating in a report on Monday, July 31st. Stifel Nicolaus reissued a buy rating and set a $33.00 price target on shares of First Industrial Realty Trust in a report on Friday, July 28th. SunTrust Banks, Inc. reissued a buy rating and set a $34.00 price target on shares of First Industrial Realty Trust in a report on Friday, November 10th. Janney Montgomery Scott initiated coverage on shares of First Industrial Realty Trust in a report on Friday, September 29th. They set a buy rating and a $34.00 price objective on the stock. Finally, ValuEngine raised shares of First Industrial Realty Trust from a hold rating to a buy rating in a report on Wednesday, November 15th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $32.00.

Shares of First Industrial Realty Trust (FR) opened at $32.60 on Friday. First Industrial Realty Trust has a twelve month low of $25.31 and a twelve month high of $32.86. The stock has a market cap of $3,907.01, a price-to-earnings ratio of 21.17 and a beta of 1.01. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The firm had revenue of $99.30 million for the quarter, compared to the consensus estimate of $98.38 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. analysts anticipate that First Industrial Realty Trust will post 1.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s payout ratio is 78.50%.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $519,976.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 50,565 shares of company stock worth $1,585,718. Insiders own 1.71% of the company’s stock.

Several large investors have recently bought and sold shares of FR. IFP Advisors Inc lifted its stake in shares of First Industrial Realty Trust by 5.2% in the second quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 190 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of First Industrial Realty Trust by 1.8% in the second quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 70 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in shares of First Industrial Realty Trust by 77.8% in the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 2,724 shares in the last quarter. World Asset Management Inc purchased a new position in shares of First Industrial Realty Trust in the second quarter worth about $212,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of First Industrial Realty Trust in the third quarter worth about $213,000. 93.64% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

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