News headlines about First Industrial Realty Trust (NYSE:FR) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Industrial Realty Trust earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.383544401058 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts recently issued reports on FR shares. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price target (up from $29.00) on shares of First Industrial Realty Trust in a research report on Sunday, June 25th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of First Industrial Realty Trust in a research report on Friday, July 28th. Zacks Investment Research downgraded First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.60.
Shares of First Industrial Realty Trust (NYSE:FR) opened at 31.40 on Friday. The company has a market capitalization of $3.76 billion, a P/E ratio of 31.98 and a beta of 1.00. First Industrial Realty Trust has a 12-month low of $24.85 and a 12-month high of $31.83. The company has a 50 day moving average price of $30.60 and a 200 day moving average price of $28.77.
First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business had revenue of $97.60 million during the quarter, compared to the consensus estimate of $97.62 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts anticipate that First Industrial Realty Trust will post $0.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders 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 yield of 2.68%. The ex-dividend date is Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 85.71%.
In related news, Director Bruce W. Duncan sold 16,855 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $31.50, for a total value of $530,932.50. Following the transaction, the director now owns 917,530 shares in the company, valued at $28,902,195. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Scott A. Musil sold 20,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.22, for a total value 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. In the last three months, insiders have sold 99,279 shares of company stock valued at $3,004,548. 1.83% of the stock is owned by company insiders.
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First Industrial Realty Trust Company Profile
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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