News coverage about First Industrial Realty Trust (NYSE:FR) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. 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 0.15 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5616686312159 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- First Industrial Realty Trust Inc.: First Industrial Realty Trust to Host Second Quarter 2018 Results Conference Call (twst.com)
- First Industrial Realty Trust, Inc. (FR) Expected to Post Quarterly Sales of $98.74 Million (americanbankingnews.com)
- First Industrial Realty Trust, Inc. (FR) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Several brokerages have recently weighed in on FR. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday. Mizuho began coverage on First Industrial Realty Trust in a research report on Monday, March 26th. They issued a “neutral” rating and a $31.00 target price for the company. Finally, Zacks Investment Research downgraded First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.86.
First Industrial Realty Trust traded up $0.41, reaching $33.65, on Tuesday, according to Marketbeat. The company’s stock had a trading volume of 20,856 shares, compared to its average volume of 979,456. The company has a market capitalization of $4.18 billion, a P/E ratio of 21.40 and a beta of 0.85. First Industrial Realty Trust has a 1 year low of $27.61 and a 1 year high of $33.75. 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 quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.17. The firm had revenue of $99.77 million during the quarter, compared to the consensus estimate of $98.86 million. First Industrial Realty Trust had a return on equity of 15.01% and a net margin of 53.92%. First Industrial Realty Trust’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. equities research analysts forecast that First Industrial Realty Trust will post 1.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, June 28th. First Industrial Realty Trust’s dividend payout ratio is currently 55.41%.
In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $33.26, for a total transaction of $997,800.00. Following the transaction, the director now owns 672,564 shares of the company’s stock, valued at approximately $22,369,478.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott A. Musil sold 16,300 shares of the stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $30.31, for a total value of $494,053.00. Following the transaction, the chief financial officer now directly owns 108,672 shares in the company, valued at approximately $3,293,848.32. The disclosure for this sale can be found here. Insiders sold 202,240 shares of company stock valued at $6,492,222 in the last three months. 1.59% of the stock is currently owned by company insiders.
First Industrial Realty Trust Company Profile
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.
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