First Industrial Realty Trust Inc. (NYSE:FR) reached a new 52-week high during trading on Monday . The company traded as high as $28.35 and last traded at $28.33, with a volume of 256,495 shares trading hands. The stock had previously closed at $28.10.

FR has been the subject of a number of research analyst reports. Zacks Investment Research cut First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, April 22nd. TheStreet upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, April 4th. Jefferies Group cut First Industrial Realty Trust from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research note on Wednesday, June 1st. Bank of America Corp. upgraded First Industrial Realty Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Finally, Stifel Nicolaus raised their price objective on First Industrial Realty Trust from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.60.

The company has a 50 day moving average of $26.23 and a 200-day moving average of $22.98. The company has a market cap of $3.31 billion and a PE ratio of 36.288.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. During the same period in the previous year, the firm earned $0.31 earnings per share. The company had revenue of $93.50 million for the quarter, compared to analyst estimates of $94.47 million. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that First Industrial Realty Trust Inc. will post $1.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 2.70%.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Sawtooth Asset Management Inc. boosted its position in First Industrial Realty Trust by 23,679.6% in the fourth quarter. Sawtooth Asset Management Inc. now owns 57,071 shares of the real estate investment trust’s stock valued at $1,263,000 after buying an additional 56,831 shares in the last quarter. Stephens Inc. AR boosted its position in First Industrial Realty Trust by 9.5% in the fourth quarter. Stephens Inc. AR now owns 83,844 shares of the real estate investment trust’s stock valued at $1,855,000 after buying an additional 7,256 shares in the last quarter. Morgan Stanley boosted its position in First Industrial Realty Trust by 2.6% in the fourth quarter. Morgan Stanley now owns 88,446 shares of the real estate investment trust’s stock valued at $1,958,000 after buying an additional 2,223 shares in the last quarter. Bank of Montreal Can boosted its position in First Industrial Realty Trust by 16.7% in the fourth quarter. Bank of Montreal Can now owns 118,576 shares of the real estate investment trust’s stock valued at $2,625,000 after buying an additional 17,011 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in First Industrial Realty Trust by 2.3% in the fourth quarter. Rhumbline Advisers now owns 183,742 shares of the real estate investment trust’s stock valued at $4,066,000 after buying an additional 4,150 shares in the last quarter.

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. The Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA).

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