First Industrial Realty Trust, Inc. (NYSE:FR) has earned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.38.

Several research firms recently commented on FR. Stifel Nicolaus boosted their price target on First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BidaskClub cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 price target (up previously from $29.00) on shares of First Industrial Realty Trust in a research note on Sunday, June 25th. Zacks Investment Research cut First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price target on shares of First Industrial Realty Trust in a research note on Wednesday, March 22nd.

In other First Industrial Realty Trust news, insider Johannson L. Yap sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $28.18, for a total transaction of $507,240.00. Following the sale, the insider now owns 296,002 shares in the company, valued at $8,341,336.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $28.68, for a total value of $434,387.28. Following the sale, the director now owns 949,531 shares in the company, valued at approximately $27,232,549.08. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock worth $1,417,048 in the last 90 days. 1.83% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in FR. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of First Industrial Realty Trust by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 20,210 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 60 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of First Industrial Realty Trust by 2.0% in the first quarter. Capstone Asset Management Co. now owns 12,502 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Industrial Realty Trust by 4.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 327 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 396 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of First Industrial Realty Trust by 0.3% in the first quarter. Retirement Systems of Alabama now owns 151,402 shares of the real estate investment trust’s stock worth $4,032,000 after buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/18/first-industrial-realty-trust-inc-fr-given-average-rating-of-hold-by-brokerages.html.

Shares of First Industrial Realty Trust (NYSE:FR) traded up 0.17% during midday trading on Tuesday, hitting $29.29. The stock had a trading volume of 216,364 shares. First Industrial Realty Trust has a one year low of $24.85 and a one year high of $30.17. The company has a market cap of $3.43 billion, a P/E ratio of 26.77 and a beta of 0.99. The stock has a 50 day moving average of $29.00 and a 200-day moving average of $27.64.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. First Industrial Realty Trust had a return on equity of 10.10% and a net margin of 33.58%. The business had revenue of $97.38 million during the quarter, compared to analyst estimates of $97.31 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that First Industrial Realty Trust will post $0.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, June 28th. First Industrial Realty Trust’s payout ratio is currently 77.06%.

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.

Receive News & Ratings for First Industrial Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.