News articles about First Industrial Realty Trust (NYSE:FR) have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Industrial Realty Trust earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.0056313723851 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
FR has been the subject of a number of analyst reports. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a research report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and issued a $32.00 price target on shares of First Industrial Realty Trust in a research report on Friday, October 27th. ValuEngine upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Jefferies Group restated a “hold” rating and issued a $32.00 price target (up from $30.00) on shares of First Industrial Realty Trust in a research report on Thursday, August 24th. Finally, Stifel Nicolaus increased their price objective on First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research report 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 target price of $32.00.
Shares of First Industrial Realty Trust (NYSE:FR) traded up $0.42 during trading on Thursday, reaching $32.27. The company had a trading volume of 1,011,856 shares, compared to its average volume of 775,305. The stock has a market capitalization of $3,814.73, a price-to-earnings ratio of 20.67 and a beta of 1.02. First Industrial Realty Trust has a 52 week low of $25.31 and a 52 week high of $32.91. The company has a quick ratio of 0.81, a current 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 for the quarter, topping the consensus estimate of $0.16 by $0.25. The company had revenue of $99.30 million during the quarter, compared to analyst estimates of $98.38 million. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. equities research analysts predict that First Industrial Realty Trust will post 1.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.21 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 2.60%. First Industrial Realty Trust’s payout ratio is 78.50%.
In related news, Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $30.85, for a total value of $519,976.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 50,565 shares of company stock valued at $1,585,718 over the last quarter. 1.71% of the stock is currently owned by company insiders.
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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.
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