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

A number of equities research analysts recently commented on FR shares. Stifel Nicolaus raised their price objective on shares of First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a report on Wednesday, June 14th. BidaskClub upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $32.00 price objective (up from $30.00) on shares of First Industrial Realty Trust in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.60.

The firm’s 50-day moving average price is $30.39 and its 200-day moving average price is $28.60. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 31.75 and a beta of 1.00.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the company posted $0.36 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current year.

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

In other news, EVP Peter Schultz sold 12,132 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.43, for a total value of $369,176.76. Following the completion of the sale, the executive vice president now owns 109,399 shares in the company, valued at approximately $3,329,011.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott A. Musil sold 20,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.22, for a total transaction of $604,400.00. Following the completion of the sale, the chief financial officer now owns 107,273 shares of the company’s stock, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,424 shares of company stock worth $2,473,616. Corporate insiders own 1.83% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Phocas Financial Corp. grew its stake in shares of First Industrial Realty Trust by 3.5% in the 2nd quarter. Phocas Financial Corp. now owns 34,336 shares of the real estate investment trust’s stock worth $983,000 after acquiring an additional 1,177 shares in the last quarter. 1st Global Advisors Inc. grew its stake in shares of First Industrial Realty Trust by 3.4% in the 2nd quarter. 1st Global Advisors Inc. now owns 45,248 shares of the real estate investment trust’s stock worth $1,295,000 after acquiring an additional 1,479 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of First Industrial Realty Trust by 6.0% in the 2nd quarter. Verition Fund Management LLC now owns 25,557 shares of the real estate investment trust’s stock worth $731,000 after acquiring an additional 1,449 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of First Industrial Realty Trust by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 45,128 shares of the real estate investment trust’s stock worth $1,292,000 after acquiring an additional 523 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of First Industrial Realty Trust in the 2nd quarter worth $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.

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