First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $31.50, for a total transaction of $530,932.50. Following the completion of the transaction, the director now owns 917,530 shares of the company’s stock, valued at approximately $28,902,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of First Industrial Realty Trust, Inc. (FR) traded down 0.73% during midday trading on Friday, hitting $31.40. 1,568,368 shares of the stock traded hands. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 31.98 and a beta of 1.00. The firm has a 50-day moving average price of $30.57 and a 200 day moving average price of $28.74. First Industrial Realty Trust, Inc. has a one year low of $24.85 and a one year high of $31.83.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 85.71%.

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Several equities analysts have issued reports on the stock. BidaskClub downgraded shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and set a $30.00 target price (up previously from $29.00) on shares of First Industrial Realty Trust in a research note on Sunday, June 25th. Stifel Nicolaus increased their target price on shares of 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. Finally, Zacks Investment Research downgraded shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.60.

Several hedge funds and other institutional investors have recently bought and sold shares of FR. Northwestern Mutual Investment Management Company LLC boosted its stake in First Industrial Realty Trust by 0.3% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 20,210 shares of the real estate investment trust’s stock valued at $538,000 after purchasing an additional 60 shares during the period. First Mercantile Trust Co. boosted its stake in First Industrial Realty Trust by 1.8% during the 2nd quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 70 shares during the period. IFP Advisors Inc boosted its stake in First Industrial Realty Trust by 5.2% during the 2nd quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 190 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First Industrial Realty Trust by 4.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 327 shares during the period. Finally, GAM Holding AG boosted its stake in First Industrial Realty Trust by 3.6% during the 2nd quarter. GAM Holding AG now owns 9,946 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 345 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

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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