Insider Selling: Peter Schultz Sells 11,616 Shares of First Industrial Realty Trust Stock (FR)
First Industrial Realty Trust (NYSE:FR) EVP Peter Schultz sold 11,616 shares of First Industrial Realty Trust stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $18.50, for a total transaction of $214,896.00. Following the completion of the sale, the executive vice president now directly owns 118,030 shares of the company’s stock, valued at approximately $2,183,555. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at BMO Capital Markets raised their price target on shares of First Industrial Realty Trust from $18.00 to $20.00 in a research note on Tuesday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.75.
First Industrial Realty Trust (NYSE:FR) traded down 0.11% during mid-day trading on Monday, hitting $18.20. 131,120 shares of the company’s stock traded hands. First Industrial Realty Trust has a one year low of $14.79 and a one year high of $19.67. The stock has a 50-day moving average of $18. and a 200-day moving average of $18.68. The company has a market cap of $2.011 billion and a price-to-earnings ratio of 63.48.
First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. On average, analysts predict that First Industrial Realty Trust will post $1.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.1025 per share. This represents a $0.41 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, September 26th.
First Industrial Realty Trust, Inc is a real estate investment trust (NYSE:FR).
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