First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 15,146 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $30.15, for a total transaction of $456,651.90. Following the transaction, the director now owns 934,385 shares of the company’s stock, valued at approximately $28,171,707.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

First Industrial Realty Trust, Inc. (NYSE FR) traded up 0.03% on Tuesday, hitting $30.00. 603,111 shares of the stock traded hands. First Industrial Realty Trust, Inc. has a 1-year low of $24.85 and a 1-year high of $31.14. The stock has a 50-day moving average price of $29.36 and a 200 day moving average price of $27.95. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 30.55 and a beta of 1.00.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.21 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.80%. First Industrial Realty Trust’s dividend payout ratio is currently 85.71%.

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A number of research analysts recently issued reports on FR shares. Jefferies Group LLC restated a “hold” rating and set a $29.00 price objective on shares of First Industrial Realty Trust in a report on Monday, April 24th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, May 2nd. Stifel Nicolaus boosted their price objective on shares of First Industrial Realty Trust from $30.00 to $31.50 and gave the company a “buy” rating in a report on Wednesday, June 14th. Finally, BidaskClub cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $30.20.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in First Industrial Realty Trust by 2,211.2% in the first quarter. BlackRock Inc. now owns 16,959,238 shares of the real estate investment trust’s stock valued at $451,625,000 after buying an additional 16,225,445 shares in the last quarter. Prudential Financial Inc. raised its stake in First Industrial Realty Trust by 1,347.8% in the first quarter. Prudential Financial Inc. now owns 1,305,419 shares of the real estate investment trust’s stock valued at $34,764,000 after buying an additional 1,215,251 shares in the last quarter. Weiss Multi Strategy Advisers LLC raised its stake in First Industrial Realty Trust by 156.0% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 1,385,022 shares of the real estate investment trust’s stock valued at $36,883,000 after buying an additional 843,970 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in First Industrial Realty Trust during the second quarter valued at $19,235,000. Finally, Vanguard Group Inc. raised its stake in First Industrial Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 18,821,832 shares of the real estate investment trust’s stock valued at $501,225,000 after buying an additional 574,160 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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.

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

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