First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 16,854 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $32.42, for a total transaction of $546,406.68. Following the sale, the director now directly owns 866,966 shares of the company’s stock, valued at approximately $28,107,037.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of First Industrial Realty Trust, Inc. (FR) traded down $0.16 on Tuesday, reaching $32.21. 711,400 shares of the company’s stock were exchanged, compared to its average volume of 774,122. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. First Industrial Realty Trust, Inc. has a twelve month low of $25.31 and a twelve month high of $32.91. The stock has a market cap of $3,860.00, a price-to-earnings ratio of 21.02 and a beta of 1.02.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business had revenue of $99.30 million during the quarter, compared to analyst estimates of $98.38 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was up 6.1% on a year-over-year basis. equities research analysts expect that First Industrial Realty Trust, Inc. will post 1.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 78.50%.

Several equities research analysts have recently commented on FR shares. SunTrust Banks reaffirmed a “buy” rating and set a $32.00 price target on shares of First Industrial Realty Trust in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Stifel Nicolaus increased their target price on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Jefferies Group reissued a “hold” rating and issued a $32.00 target price (up from $30.00) on shares of First Industrial Realty Trust in a report on Thursday, August 24th. Finally, ValuEngine raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. First Industrial Realty Trust has an average rating of “Buy” and an average price target of $32.00.

A number of institutional investors and hedge funds have recently made changes to their positions in FR. IFP Advisors Inc boosted its position in shares of 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 acquiring an additional 190 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of 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 acquiring an additional 70 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of First Industrial Realty Trust by 77.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 2,724 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $213,000. Finally, World Asset Management Inc bought a new stake in First Industrial Realty Trust in the second quarter worth $212,000. 92.97% of the stock is owned by institutional investors and hedge funds.

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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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