Media coverage about First Industrial Realty Trust (NYSE:FR) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Industrial Realty Trust earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.6731359060154 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of First Industrial Realty Trust (NYSE FR) opened at $28.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3,543.74, a P/E ratio of 18.78 and a beta of 0.96. First Industrial Realty Trust has a one year low of $25.81 and a one year high of $32.91.
First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. First Industrial Realty Trust had a return on equity of 14.57% and a net margin of 50.82%. The business had revenue of $102.31 million during the quarter, compared to analyst estimates of $100.11 million. During the same period in the previous year, the company posted $0.38 EPS. First Industrial Realty Trust’s revenue was up 4.4% on a year-over-year basis. analysts anticipate that First Industrial Realty Trust will post 1.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $0.218 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.21. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.01%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 50.00%.
FR has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 price objective on the stock. in a research note on Friday, December 15th. Zacks Investment Research cut First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Robert W. Baird reiterated a “hold” rating and set a $31.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and set a $39.00 target price on shares of First Industrial Realty Trust in a research report on Friday, February 23rd. Finally, Stifel Nicolaus cut their price target on First Industrial Realty Trust from $34.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.17.
In other news, CIO Johannson L. Yap sold 6,600 shares of First Industrial Realty Trust stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $28.54, for a total value of $188,364.00. Following the transaction, the executive now directly owns 292,033 shares in the company, valued at approximately $8,334,621.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.
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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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