Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

FR has been the subject of a number of research reports. Janney Montgomery Scott initiated coverage on shares of First Industrial Realty Trust in a research note on Friday, September 29th. They issued a “buy” rating and a $34.00 price target for the company. Jefferies Group raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. ValuEngine raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. SunTrust Banks reissued a “buy” rating and issued a $34.00 price target on shares of First Industrial Realty Trust in a research note on Friday, November 10th. Finally, Stifel Nicolaus boosted their price target on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 6th.

In other news, Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $31.73, for a total value of $534,809.15. Following the completion of the sale, the director now owns 883,820 shares of the company’s stock, valued at approximately $28,043,608.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce W. Duncan sold 16,854 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $32.42, for a total transaction of $546,406.68. Following the completion of the sale, the director now directly owns 866,966 shares of the company’s stock, valued at approximately $28,107,037.72. The disclosure for this sale can be found here. Insiders sold a total of 50,564 shares of company stock valued at $1,601,193 in the last ninety days. 1.71% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of First Industrial Realty Trust by 47.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 195,236 shares of the real estate investment trust’s stock valued at $5,875,000 after purchasing an additional 62,705 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of First Industrial Realty Trust by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 215,171 shares of the real estate investment trust’s stock valued at $6,474,000 after purchasing an additional 14,727 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of First Industrial Realty Trust by 119.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 93,077 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 50,647 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $476,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of First Industrial Realty Trust by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 251,295 shares of the real estate investment trust’s stock valued at $7,597,000 after purchasing an additional 2,711 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Shares of First Industrial Realty Trust (FR) opened at $30.51 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $3,661.33, a P/E ratio of 28.51 and a beta of 1.02. First Industrial Realty Trust has a twelve month low of $25.31 and a twelve month high of $32.91.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business had revenue of $99.30 million for the quarter, compared to analyst estimates of $98.38 million. During the same quarter in the prior year, the firm posted $0.37 EPS. First Industrial Realty Trust’s revenue was up 6.1% on a year-over-year basis. analysts forecast that First Industrial Realty Trust will post 1.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.75%. First Industrial Realty Trust’s dividend payout ratio is presently 78.50%.

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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.

Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

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