Bruce W. Duncan Sells 30,000 Shares of First Industrial Realty Trust, Inc. (FR) Stock

First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 30,000 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $33.26, for a total value of $997,800.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link.

First Industrial Realty Trust traded up $0.28, hitting $33.26, during trading hours on Thursday, Marketbeat reports. The stock had a trading volume of 829,900 shares, compared to its average volume of 877,102. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 21.12 and a beta of 0.90. First Industrial Realty Trust, Inc. has a 1-year low of $27.61 and a 1-year high of $33.75.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 15.01% and a net margin of 53.92%. First Industrial Realty Trust’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 1.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, June 28th. First Industrial Realty Trust’s payout ratio is currently 55.41%.

Several analysts have weighed in on the company. SunTrust Banks set a $32.00 target price on First Industrial Realty Trust and gave the company a “buy” rating in a report on Friday, March 2nd. Mizuho raised First Industrial Realty Trust from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, May 7th. Zacks Investment Research raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, April 27th. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $39.00 target price on shares of First Industrial Realty Trust in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. First Industrial Realty Trust has an average rating of “Hold” and a consensus target price of $32.86.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of First Industrial Realty Trust by 1.0% during the first quarter. BlackRock Inc. now owns 18,525,189 shares of the real estate investment trust’s stock valued at $541,491,000 after acquiring an additional 175,968 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of First Industrial Realty Trust by 2.5% during the first quarter. Principal Financial Group Inc. now owns 4,102,838 shares of the real estate investment trust’s stock valued at $119,926,000 after acquiring an additional 99,375 shares during the last quarter. Northern Trust Corp boosted its stake in shares of First Industrial Realty Trust by 2.2% during the first quarter. Northern Trust Corp now owns 3,459,467 shares of the real estate investment trust’s stock valued at $101,119,000 after acquiring an additional 74,953 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of First Industrial Realty Trust by 39.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,268,200 shares of the real estate investment trust’s stock valued at $71,380,000 after acquiring an additional 643,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Industrial Realty Trust by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,814,483 shares of the real estate investment trust’s stock valued at $53,037,000 after acquiring an additional 40,984 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

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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