Shares of First Industrial Realty Trust Inc. (NYSE:FR) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.48 and last traded at $28.45, with a volume of 307,746 shares traded. The stock had previously closed at $28.28.

FR has been the subject of several recent research reports. TheStreet upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, April 4th. Stifel Nicolaus lifted 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 research note on Tuesday, May 3rd. Jefferies Group downgraded 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. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Bank of America Corp. upgraded shares of First Industrial Realty Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. First Industrial Realty Trust presently has a consensus rating of “Buy” and an average target price of $24.60.

The company’s 50-day moving average price is $27.00 and its 200-day moving average price is $23.33. The stock has a market capitalization of $3.34 billion and a P/E ratio of 36.68.

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 the Zacks’ consensus estimate of $0.35. During the same quarter in the previous year, the firm earned $0.31 EPS. The firm earned $93.50 million during the quarter, compared to the consensus estimate of $94.47 million. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that First Industrial Realty Trust Inc. will post $1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 18th. Investors of record on Thursday, June 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Tuesday, June 28th.

Other institutional investors recently bought and sold shares of 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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