First Industrial Realty Trust, Inc. (NYSE:FR) EVP David Harker sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the transaction, the executive vice president now directly owns 118,470 shares in the company, valued at approximately $3,607,411.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

First Industrial Realty Trust, Inc. (FR) traded down 0.50% on Friday, hitting $29.98. The stock had a trading volume of 754,365 shares. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 30.53 and a beta of 1.00. The company’s 50 day moving average price is $29.60 and its 200-day moving average price is $28.11. First Industrial Realty Trust, Inc. has a 12-month low of $24.85 and a 12-month high of $31.14.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The business had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $97.62 million. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post $0.82 EPS for the current year.

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

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Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in First Industrial Realty Trust by 5.2% in the second quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 190 shares in the last quarter. First Mercantile Trust Co. boosted its stake in First Industrial Realty Trust by 1.8% in the second quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 70 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in 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 valued at $116,000 after buying an additional 396 shares in the last quarter. Elkfork Partners LLC boosted its stake in First Industrial Realty Trust by 10.0% in the first quarter. Elkfork Partners LLC now owns 5,544 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 504 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in First Industrial Realty Trust by 77.8% in the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 2,724 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

A number of research analysts have recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 target price on shares of First Industrial Realty Trust in a report on Friday, July 28th. Zacks Investment Research raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $29.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. First Industrial Realty Trust currently has a consensus rating of “Hold” and an average target price of $30.20.

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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