First Industrial Realty Trust, Inc. (FR) Director Bruce W. Duncan Sells 16,854 Shares of Stock

First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 16,854 shares of First Industrial Realty Trust 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

First Industrial Realty Trust, Inc. (NYSE FR) opened at $32.30 on Wednesday. The stock has a market cap of $3,860.27, a PE ratio of 20.92 and a beta of 1.02. First Industrial Realty Trust, Inc. has a twelve month low of $25.31 and a twelve month high of $32.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98.

First Industrial Realty Trust (NYSE:FR) last issued 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. The firm had revenue of $99.30 million during the quarter, compared to analysts’ expectations of $98.38 million. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 1.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders 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 dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio is currently 78.50%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of First Industrial Realty Trust by 47.3% during the third quarter. Public Employees Retirement System of Ohio now owns 195,236 shares of the real estate investment trust’s stock valued at $5,875,000 after buying an additional 62,705 shares during the last quarter. California Public Employees Retirement System boosted its holdings in First Industrial Realty Trust by 7.3% during the third quarter. California Public Employees Retirement System now owns 215,171 shares of the real estate investment trust’s stock worth $6,474,000 after purchasing an additional 14,727 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in First Industrial Realty Trust by 119.4% during the third quarter. Cubist Systematic Strategies LLC now owns 93,077 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 50,647 shares during the last quarter. Magnetar Financial LLC purchased a new position in First Industrial Realty Trust during the third quarter worth about $476,000. Finally, Asset Management One Co. Ltd. boosted its holdings in First Industrial Realty Trust by 1.1% during the third quarter. Asset Management One Co. Ltd. now owns 251,295 shares of the real estate investment trust’s stock worth $7,597,000 after purchasing an additional 2,711 shares during the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

FR has been the topic of a number of recent research reports. Jefferies Group reiterated a “hold” rating and set a $32.00 price target (up previously from $30.00) on shares of First Industrial Realty Trust in a report on Thursday, August 24th. KeyCorp reissued a “hold” rating on shares of First Industrial Realty Trust in a research note on Friday, August 25th. Janney Montgomery Scott began coverage on shares of First Industrial Realty Trust in a research note on Friday, September 29th. They set a “buy” rating and a $34.00 target price for the company. SunTrust Banks reissued 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, Stifel Nicolaus lifted 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 research note on Monday, November 6th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.00.

WARNING: “First Industrial Realty Trust, Inc. (FR) Director Bruce W. Duncan Sells 16,854 Shares of Stock” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/12/13/first-industrial-realty-trust-inc-fr-director-bruce-w-duncan-sells-16854-shares-of-stock.html.

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)

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply