Media stories about First Industrial Realty Trust (NYSE:FR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Industrial Realty Trust earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.0960376286827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research firms have commented on FR. SunTrust Banks set a $35.00 price target on shares of First Industrial Realty Trust and gave the stock a “buy” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of First Industrial Realty Trust from $30.00 to $34.00 and gave the stock an “underweight” rating in a report on Friday, July 27th. ValuEngine cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Jefferies Financial Group cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, Zacks Investment Research cut shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.71.
Shares of NYSE FR opened at $32.30 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of 20.57 and a beta of 0.72. First Industrial Realty Trust has a 1 year low of $27.61 and a 1 year high of $34.04. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.79.
First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.19. The firm had revenue of $98.85 million during the quarter, compared to analysts’ expectations of $98.71 million. First Industrial Realty Trust had a net margin of 55.66% and a return on equity of 14.81%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. research analysts anticipate that First Industrial Realty Trust will post 1.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 27th. First Industrial Realty Trust’s dividend payout ratio is currently 55.41%.
In other news, Director H Patrick Hackett, Jr. sold 15,000 shares of First Industrial Realty Trust stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $31.93, for a total transaction of $478,950.00. Following the completion of the transaction, the director now directly owns 52,577 shares in the company, valued at $1,678,783.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce W. Duncan sold 30,000 shares of First Industrial Realty Trust stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $33.42, for a total transaction of $1,002,600.00. Following the transaction, the director now owns 642,564 shares of the company’s stock, valued at $21,474,488.88. The disclosure for this sale can be found here. Insiders have sold 105,000 shares of company stock valued at $3,454,950 over the last quarter. Corporate insiders own 1.71% of the company’s stock.
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.
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