First Industrial Realty Trust, Inc. (NYSE:FR) – Equities researchers at Jefferies Group cut their FY2018 EPS estimates for First Industrial Realty Trust in a research note issued to investors on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.68 per share for the year, down from their prior forecast of $1.69. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for First Industrial Realty Trust’s FY2019 earnings at $1.83 EPS.

FR has been the topic of a number of other research reports. Stifel Nicolaus upped their price objective on 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. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research note on Tuesday, October 24th. ValuEngine cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Janney Montgomery Scott began coverage on First Industrial Realty Trust in a research note on Friday, September 29th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, SunTrust Banks reiterated a “buy” rating and set a $32.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $32.29.

Shares of First Industrial Realty Trust (NYSE FR) traded up $0.18 during trading on Thursday, hitting $30.17. The stock had a trading volume of 980,137 shares, compared to its average volume of 741,895. First Industrial Realty Trust has a one year low of $25.31 and a one year high of $32.91. The company has a market cap of $3,627.77, a PE ratio of 28.20 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The firm had revenue of $99.30 million for the quarter, compared to analysts’ expectations of $98.38 million. During the same quarter in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of FR. Balyasny Asset Management LLC grew its holdings in First Industrial Realty Trust by 421.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,135,241 shares of the real estate investment trust’s stock valued at $32,491,000 after buying an additional 917,632 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of First Industrial Realty Trust by 1,008.5% during the 2nd quarter. Renaissance Technologies LLC now owns 588,800 shares of the real estate investment trust’s stock worth $16,851,000 after purchasing an additional 535,685 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth $14,308,000. Wells Fargo & Company MN grew its holdings in shares of First Industrial Realty Trust by 54.9% during the 3rd quarter. Wells Fargo & Company MN now owns 700,001 shares of the real estate investment trust’s stock worth $21,064,000 after purchasing an additional 247,976 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Industrial Realty Trust by 22.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,075 shares of the real estate investment trust’s stock worth $39,932,000 after purchasing an additional 245,190 shares in the last quarter. 92.95% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Bruce W. Duncan sold 16,854 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $32.42, for a total value of $546,406.68. Following the sale, the director now owns 866,966 shares in the company, valued at approximately $28,107,037.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly owns 883,820 shares in the company, valued at $28,043,608.60. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.

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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.

Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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