First Industrial Realty Trust, Inc. (FR) Director Bruce W. Duncan Sells 16,855 Shares

First Industrial Realty Trust, Inc. (NYSE:FR) Director Bruce W. Duncan sold 16,855 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $31.50, for a total transaction of $530,932.50. Following the transaction, the director now directly owns 917,530 shares in the company, valued at $28,902,195. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) traded down 0.73% on Friday, reaching $31.40. 1,568,368 shares of the company’s stock traded hands. First Industrial Realty Trust, Inc. has a 52 week low of $24.85 and a 52 week high of $31.83. The stock has a market capitalization of $3.76 billion, a PE ratio of 31.98 and a beta of 1.00. The company has a 50 day moving average of $30.60 and a 200-day moving average of $28.77.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.18. The company had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $97.62 million. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Equities research analysts forecast that First Industrial Realty Trust, Inc. will post $0.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.68%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 85.71%.

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Several brokerages have issued reports on FR. Zacks Investment Research raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reissued a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and set a $32.00 price objective (up from $30.00) on shares of First Industrial Realty Trust in a research report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective on shares of First Industrial Realty Trust in a research report on Friday, July 28th. Finally, BidaskClub raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.60.

Several large investors have recently modified their holdings of FR. Glen Harbor Capital Management LLC raised its holdings in shares of First Industrial Realty Trust by 10.0% during the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 396 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of First Industrial Realty Trust by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 40,926 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 600 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of First Industrial Realty Trust by 4.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,604 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 850 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of First Industrial Realty Trust by 2.6% during the first quarter. Great West Life Assurance Co. Can now owns 127,879 shares of the real estate investment trust’s stock worth $3,402,000 after purchasing an additional 3,206 shares during the period. Finally, State Treasurer State of Michigan raised its holdings in shares of First Industrial Realty Trust by 1.1% during the first quarter. State Treasurer State of Michigan now owns 47,600 shares of the real estate investment trust’s stock worth $1,268,000 after purchasing an additional 500 shares during the period. 92.39% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Company Profile

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.

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

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