First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan Sells 16,900 Shares

First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 16,900 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $32.24, for a total transaction of $544,856.00. Following the completion of the sale, the director now directly owns 841,180 shares of the company’s stock, valued at approximately $27,119,643.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Industrial Realty Trust opened at $31.57 on Tuesday, MarketBeat reports. The firm has a market capitalization of $3.91 billion, a P/E ratio of 20.11 and a beta of 0.87. First Industrial Realty Trust, Inc. has a 1-year low of $27.61 and a 1-year high of $32.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.47 and a current ratio of 1.47.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.13 by $0.17. The company had revenue of $99.77 million for the quarter, compared to analyst estimates of $98.86 million. First Industrial Realty Trust had a net margin of 53.92% and a return on equity of 15.01%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. analysts forecast that First Industrial Realty Trust, Inc. will post 1.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 55.41%.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James & Associates purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter worth about $211,000. Zeke Capital Advisors LLC purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter worth about $213,000. Vident Investment Advisory LLC purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter worth about $236,000. Lourd Capital LLC purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter worth about $244,000. Finally, OppenheimerFunds Inc. purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter worth about $246,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the stock. ValuEngine cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Mizuho assumed coverage on shares of First Industrial Realty Trust in a report on Monday, March 26th. They issued a “neutral” rating and a $31.00 target price on the stock. Stifel Nicolaus reduced their target price on shares of First Industrial Realty Trust from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Jefferies Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of First Industrial Realty Trust in a report on Friday, February 23rd. Finally, Zacks Investment Research cut shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.86.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

Insider Buying and Selling by Quarter for First Industrial Realty Trust (NYSE:FR)

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