First Industrial Realty Trust, Inc. (NYSE:FR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $37.68 and last traded at $37.68, with a volume of 133 shares trading hands. The stock had previously closed at $37.54.
FR has been the topic of several recent analyst reports. Goldman Sachs Group initiated coverage on Liberty Property Trust in a research note on Wednesday, May 15th. They set a “neutral” rating and a $49.00 target price on the stock. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.58.
The stock has a market cap of $4.77 billion, a PE ratio of 23.36, a PEG ratio of 3.44 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm has a 50 day simple moving average of $36.29.
First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $104.68 million. First Industrial Realty Trust had a return on equity of 9.05% and a net margin of 36.88%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 1.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.23 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.46%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 57.50%.
Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in First Industrial Realty Trust by 112.7% in the 4th quarter. First Trust Advisors LP now owns 124,139 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 65,782 shares during the period. GSA Capital Partners LLP bought a new position in First Industrial Realty Trust in the 4th quarter worth $535,000. Great West Life Assurance Co. Can raised its holdings in First Industrial Realty Trust by 12.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 172,854 shares of the real estate investment trust’s stock worth $4,649,000 after purchasing an additional 19,706 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in First Industrial Realty Trust by 3.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 80,240 shares of the real estate investment trust’s stock worth $2,316,000 after purchasing an additional 2,460 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in First Industrial Realty Trust by 4.4% in the 4th quarter. Hsbc Holdings PLC now owns 18,870 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 796 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.
About First Industrial Realty Trust (NYSE:FR)
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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