First Industrial Realty Trust, Inc. (NYSE:FR) – Investment analysts at Jefferies Group reduced their FY2018 EPS estimates for shares of First Industrial Realty Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $1.68 per share for the year, down from their prior forecast of $1.69. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for First Industrial Realty Trust’s FY2019 earnings at $1.83 EPS.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The business had revenue of $99.30 million during the quarter, compared to analyst estimates of $98.38 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year.

A number of other brokerages have also commented on FR. JPMorgan Chase & Co. lowered First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 target price for the company. in a research report on Friday, December 15th. Robert W. Baird reissued a “hold” rating and set a $31.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 9th. SunTrust Banks reissued a “buy” rating and set a $34.00 price objective on shares of First Industrial Realty Trust in a report on Friday, November 10th. Janney Montgomery Scott started coverage on First Industrial Realty Trust in a report on Friday, September 29th. They set a “buy” rating and a $34.00 price objective for the company. Finally, ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. First Industrial Realty Trust currently has an average rating of “Hold” and a consensus price target of $32.29.

Shares of First Industrial Realty Trust (NYSE FR) traded up $0.18 during trading on Thursday, reaching $30.17. The company had a trading volume of 980,137 shares, compared to its average volume of 635,592. First Industrial Realty Trust has a twelve month low of $25.31 and a twelve month high of $32.91. The company has a market cap of $3,594.21, a price-to-earnings ratio of 28.20 and a beta of 1.02. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.81 and a quick ratio of 0.81.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio is currently 78.50%.

In other news, Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $31.73, for a total value of $534,809.15. Following the completion of the transaction, the director now directly owns 883,820 shares of the company’s stock, valued at $28,043,608.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce W. Duncan sold 16,854 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $32.42, for a total value of $546,406.68. Following the completion of the transaction, the director now directly owns 866,966 shares of the company’s stock, valued at $28,107,037.72. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FR. Balyasny Asset Management LLC grew its holdings in shares of First Industrial Realty Trust by 421.7% in the second quarter. Balyasny Asset Management LLC now owns 1,135,241 shares of the real estate investment trust’s stock valued at $32,491,000 after acquiring an additional 917,632 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of First Industrial Realty Trust by 1,008.5% in the second quarter. Renaissance Technologies LLC now owns 588,800 shares of the real estate investment trust’s stock valued at $16,851,000 after acquiring an additional 535,685 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of First Industrial Realty Trust in the third quarter valued at approximately $14,308,000. Wells Fargo & Company MN grew its holdings in shares of First Industrial Realty Trust by 54.9% in the third quarter. Wells Fargo & Company MN now owns 700,001 shares of the real estate investment trust’s stock valued at $21,064,000 after acquiring an additional 247,976 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Industrial Realty Trust by 22.8% in the third quarter. JPMorgan Chase & Co. now owns 1,320,075 shares of the real estate investment trust’s stock valued at $39,932,000 after acquiring an additional 245,190 shares in the last quarter. 92.95% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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