First Industrial Realty Trust, Inc. (FR) CFO Sells $604,400.00 in Stock

First Industrial Realty Trust, Inc. (NYSE:FR) CFO Scott A. Musil sold 20,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.22, for a total value of $604,400.00. Following the transaction, the chief financial officer now directly owns 107,273 shares of the company’s stock, valued at approximately $3,241,790.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

First Industrial Realty Trust, Inc. (NYSE:FR) traded down 0.50% during trading on Friday, reaching $29.98. The company’s stock had a trading volume of 754,365 shares. First Industrial Realty Trust, Inc. has a 52-week low of $24.85 and a 52-week high of $31.14. The firm’s 50-day moving average is $29.65 and its 200-day moving average is $28.14. The stock has a market cap of $3.59 billion, a P/E ratio of 30.53 and a beta of 1.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.84 annualized dividend and a yield of 2.80%. First Industrial Realty Trust’s dividend payout ratio is currently 85.71%.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. increased its position in shares of First Industrial Realty Trust by 3.4% in the second quarter. 1st Global Advisors Inc. now owns 45,248 shares of the real estate investment trust’s stock valued at $1,295,000 after buying an additional 1,479 shares in the last quarter. Verition Fund Management LLC increased its position in shares of First Industrial Realty Trust by 6.0% in the second quarter. Verition Fund Management LLC now owns 25,557 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 1,449 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of First Industrial Realty Trust by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 45,128 shares of the real estate investment trust’s stock valued at $1,292,000 after buying an additional 523 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of First Industrial Realty Trust during the second quarter valued at approximately $1,175,000. Finally, 361 Capital LLC purchased a new position in shares of First Industrial Realty Trust during the second quarter valued at approximately $2,096,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

FR has been the subject of several research analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $29.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, April 24th. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, May 2nd. Stifel Nicolaus boosted their price objective on First Industrial Realty Trust from $30.00 to $31.50 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, BidaskClub cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. First Industrial Realty Trust currently has a consensus rating of “Hold” and an average target price of $30.20.

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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