Shares of First Industrial Realty Trust, Inc. (NYSE:FR) reached a new 52-week high during trading on Thursday . The stock traded as high as $31.35 and last traded at $31.41, with a volume of 293,686 shares changing hands. The stock had previously closed at $31.05.

Several research firms have recently commented on FR. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price target (up from $30.00) on shares of First Industrial Realty Trust in a research report on Thursday, August 24th. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $31.50 price target on shares of First Industrial Realty Trust in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $30.60.

The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 31.78 and a beta of 1.00. The company’s 50 day moving average is $30.32 and its 200-day moving average is $28.57.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $97.62 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts predict that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s payout ratio is presently 85.71%.

In other First Industrial Realty Trust news, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.22, for a total value of $604,400.00. Following the completion of the sale, the chief financial officer now directly owns 107,273 shares in the company, valued at $3,241,790.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Schultz sold 12,132 shares of First Industrial Realty Trust stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.43, for a total transaction of $369,176.76. Following the completion of the sale, the executive vice president now owns 109,399 shares of the company’s stock, valued at $3,329,011.57. The disclosure for this sale can be found here. Insiders have sold 82,424 shares of company stock worth $2,473,616 over the last ninety days. 1.83% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. lifted its stake in First Industrial Realty Trust by 3.5% in the second quarter. Phocas Financial Corp. now owns 34,336 shares of the real estate investment trust’s stock valued at $983,000 after acquiring an additional 1,177 shares during the last quarter. 1st Global Advisors Inc. lifted its stake in First Industrial Realty Trust by 3.4% in the second quarter. 1st Global Advisors Inc. now owns 45,248 shares of the real estate investment trust’s stock valued at $1,295,000 after acquiring an additional 1,479 shares during the last quarter. Verition Fund Management LLC lifted its stake in First Industrial Realty Trust by 6.0% in the second quarter. Verition Fund Management LLC now owns 25,557 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 1,449 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in First Industrial Realty Trust by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 45,128 shares of the real estate investment trust’s stock valued at $1,292,000 after acquiring an additional 523 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in First Industrial Realty Trust in the second quarter valued at approximately $1,175,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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About First Industrial Realty Trust

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.