First Industrial Realty Trust, Inc. (FR) Director Sells $456,651.90 in Stock

First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $30.15, for a total transaction of $456,651.90. Following the completion of the transaction, the director now owns 934,385 shares in the company, valued at $28,171,707.75. The sale was disclosed in a filing with the SEC, which is available through this link.

First Industrial Realty Trust, Inc. (NYSE FR) traded down 0.50% during trading on Friday, hitting $29.98. 754,365 shares of the stock were exchanged. The stock’s 50 day moving average price is $29.60 and its 200 day moving average price is $28.11. First Industrial Realty Trust, Inc. has a 12 month low of $24.85 and a 12 month high of $31.14. The stock has a market cap of $3.59 billion, a P/E ratio of 30.53 and a beta of 1.00.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18. The business had revenue of $97.60 million for the quarter, compared to the consensus estimate of $97.62 million. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Analysts forecast that First Industrial Realty Trust, Inc. 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. Investors of record on Friday, September 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 85.71%.

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A number of equities analysts have commented on FR shares. Zacks Investment Research downgraded shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $30.00 target price (up from $29.00) on shares of First Industrial Realty Trust in a research note on Sunday, June 25th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price on shares of First Industrial Realty Trust in a research note on Friday, July 28th. Finally, BidaskClub upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.20.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position 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 during the period. Glen Harbor Capital Management LLC boosted its position in shares of First Industrial Realty Trust by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 396 shares during the period. First Mercantile Trust Co. boosted its position 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 during the period. Elkfork Partners LLC boosted its position in shares of First Industrial Realty Trust by 10.0% in the first quarter. Elkfork Partners LLC now owns 5,544 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 504 shares during the period. Finally, Riverhead Capital Management LLC boosted its position 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 during the period. Hedge funds and other institutional investors own 91.87% 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.

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

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