First Industrial Realty Trust, Inc. (NYSE:FR) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.00.
FR has been the topic of a number of recent research reports. Jefferies Group upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research note on Tuesday, October 24th. ValuEngine lowered First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. SunTrust Banks reiterated a “buy” rating and set a $32.00 target price on shares of First Industrial Realty Trust in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. lowered First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 target price on the stock. in a research note on Friday, December 15th.
In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 16,854 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $32.42, for a total transaction of $546,406.68. Following the transaction, the director now owns 866,966 shares in the company, valued at approximately $28,107,037.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bruce W. Duncan sold 16,855 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $31.73, for a total value of $534,809.15. Following the transaction, the director now owns 883,820 shares in the company, valued at approximately $28,043,608.60. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.
First Industrial Realty Trust (NYSE:FR) opened at $30.32 on Friday. The firm has a market capitalization of $3,698.48 and a P/E ratio of 28.34. 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 has a 52 week low of $25.56 and a 52 week high of $32.91.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.77%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.
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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.
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