First Industrial Realty Trust, Inc. (NYSE:FR)‘s stock had its “hold” rating restated by KeyCorp in a research note issued on Tuesday.

Several other research firms have also issued reports on FR. Jefferies Group LLC reaffirmed a “neutral” rating on shares of First Industrial Realty Trust in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price on shares of First Industrial Realty Trust in a report on Friday, July 28th. Janney Montgomery Scott started coverage on shares of First Industrial Realty Trust in a report on Friday, September 29th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, BidaskClub upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Shares of First Industrial Realty Trust (NYSE FR) traded up 0.20% during mid-day trading on Tuesday, reaching $30.77. The company had a trading volume of 763,472 shares. First Industrial Realty Trust has a 52-week low of $24.85 and a 52-week high of $31.83. The stock has a market capitalization of $3.69 billion, a P/E ratio of 31.33 and a beta of 1.00. The company’s 50-day moving average is $30.95 and its 200 day moving average is $29.63.

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 (EPS) for the quarter, beating the 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 quarter in the previous year, the business earned $0.36 EPS. First Industrial Realty Trust’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that First Industrial Realty Trust will post $0.83 EPS for the current fiscal year.

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In related news, Director Bruce W. Duncan sold 15,146 shares of First Industrial Realty Trust stock in a transaction on Monday, August 7th. The shares were sold at an average price of $30.15, for a total value of $456,651.90. Following the transaction, the director now owns 934,385 shares in the company, valued at approximately $28,171,707.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott A. Musil sold 20,000 shares of First Industrial Realty Trust stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.22, for a total transaction of $604,400.00. Following the completion of the transaction, the chief financial officer now owns 107,273 shares in the company, valued at approximately $3,241,790.06. The disclosure for this sale can be found here. Insiders sold a total of 100,988 shares of company stock worth $3,090,138 in the last quarter. Insiders own 1.71% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its holdings in First Industrial Realty Trust by 2.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 98,171 shares of the real estate investment trust’s stock worth $2,954,000 after acquiring an additional 2,744 shares during the period. Phocas Financial Corp. raised its holdings in First Industrial Realty Trust by 3.5% in the 2nd quarter. Phocas Financial Corp. now owns 34,336 shares of the real estate investment trust’s stock worth $983,000 after acquiring an additional 1,177 shares during the period. 1st Global Advisors Inc. increased its holdings in shares of First Industrial Realty Trust by 3.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 45,248 shares of the real estate investment trust’s stock worth $1,295,000 after purchasing an additional 1,479 shares during the period. Verition Fund Management LLC increased its holdings in shares of First Industrial Realty Trust by 6.0% during the 2nd quarter. Verition Fund Management LLC now owns 25,557 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 1,449 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of First Industrial Realty Trust by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 45,128 shares of the real estate investment trust’s stock worth $1,292,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 92.04% 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.

Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

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