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

A number of research firms have weighed in on FR. Zacks Investment Research lowered shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a report on Wednesday, June 1st. Bank of America Corp. raised shares of First Industrial Realty Trust from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 3rd. Stifel Nicolaus boosted their target price on shares of First Industrial Realty Trust from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, May 3rd. Finally, TheStreet raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, April 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $24.60.

The stock has a market cap of $3.29 billion and a PE ratio of 36.12. The stock has a 50-day moving average price of $26.45 and a 200 day moving average price of $23.08.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The firm earned $93.50 million during the quarter, compared to analysts’ expectations of $94.47 million. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts forecast that First Industrial Realty Trust Inc. will post $1.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 18th. Investors of record on Thursday, June 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Tuesday, June 28th.

Other large investors recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of First Industrial Realty Trust by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 205,157 shares of the real estate investment trust’s stock worth $4,540,000 after buying an additional 3,102 shares in the last quarter. Rhumbline Advisers increased its stake in shares of 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 worth $4,066,000 after buying an additional 4,150 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of First Industrial Realty Trust by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 199,244 shares of the real estate investment trust’s stock worth $4,409,000 after buying an additional 1,400 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of First Industrial Realty Trust by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 16,158,838 shares of the real estate investment trust’s stock worth $357,594,000 after buying an additional 415,174 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of 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 worth $1,958,000 after buying an additional 2,223 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.