First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $31.50, for a total transaction of $530,932.50. Following the sale, the director now owns 917,530 shares in the company, valued at approximately $28,902,195. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of First Industrial Realty Trust, Inc. (FR) opened at 31.40 on Friday. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 31.98 and a beta of 1.00. First Industrial Realty Trust, Inc. has a 52-week low of $24.85 and a 52-week high of $31.83. The company’s 50 day moving average is $30.60 and its 200 day moving average is $28.77.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid 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 2.68%. First Industrial Realty Trust’s dividend payout ratio is currently 85.71%.

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A number of large investors have recently modified their holdings of FR. Glen Harbor Capital Management LLC grew its stake in First Industrial Realty Trust by 10.0% during the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 396 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in First Industrial Realty Trust by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 40,926 shares of the real estate investment trust’s stock valued at $1,090,000 after acquiring an additional 600 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in First Industrial Realty Trust by 4.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,604 shares of the real estate investment trust’s stock valued at $495,000 after acquiring an additional 850 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in First Industrial Realty Trust by 2.6% during the first quarter. Great West Life Assurance Co. Can now owns 127,879 shares of the real estate investment trust’s stock valued at $3,402,000 after acquiring an additional 3,206 shares in the last quarter. Finally, State Treasurer State of Michigan grew its stake in First Industrial Realty Trust by 1.1% during the first quarter. State Treasurer State of Michigan now owns 47,600 shares of the real estate investment trust’s stock valued at $1,268,000 after acquiring an additional 500 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Several research firms recently issued reports on FR. 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. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price target (up previously from $30.00) on shares of First Industrial Realty Trust in a research report on Thursday, August 24th. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target on shares of First Industrial Realty Trust in a research report on Friday, July 28th. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $30.60.

First Industrial Realty Trust Company Profile

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.

Insider Buying and Selling by Quarter for First Industrial Realty Trust (NYSE:FR)

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