First Industrial Realty Trust Inc. (NYSE:FR)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $28.48 and last traded at $28.45, with a volume of 307,746 shares. The stock had previously closed at $28.28.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, April 22nd. Bank of America Corp. raised shares of First Industrial Realty Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Jefferies Group cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research note on Wednesday, June 1st. Stifel Nicolaus raised their target price on shares of First Industrial Realty Trust from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, May 3rd. Finally, TheStreet raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. First Industrial Realty Trust presently has a consensus rating of “Buy” and a consensus target price of $24.60.

The stock’s 50 day moving average is $26.84 and its 200 day moving average is $23.25. The firm has a market capitalization of $3.32 billion and a price-to-earnings ratio of 36.45.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Thursday, June 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.69%. The ex-dividend date was Tuesday, June 28th.

Other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 during the last quarter. Waterfront Capital Partners LLC raised its position in shares of First Industrial Realty Trust by 15.1% in the fourth quarter. Waterfront Capital Partners LLC now owns 920,850 shares of the real estate investment trust’s stock worth $20,378,000 after buying an additional 120,850 shares during the last quarter. Advantus Capital Management Inc raised its position in shares of First Industrial Realty Trust by 12.2% in the fourth quarter. Advantus Capital Management Inc now owns 450,700 shares of the real estate investment trust’s stock worth $9,974,000 after buying an additional 48,900 shares during the last quarter. California State Teachers Retirement System raised its position 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 during the last quarter. Finally, California Public Employees Retirement System raised its position 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 during 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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