First Industrial Realty Trust (FR) Getting Somewhat Favorable Press Coverage, Study Finds

Media stories about First Industrial Realty Trust (NYSE:FR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Industrial Realty Trust earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.5156315164938 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

FR has been the subject of several analyst reports. Jefferies Group reiterated a “neutral” rating on shares of First Industrial Realty Trust in a report on Tuesday, September 26th. Janney Montgomery Scott initiated coverage on First Industrial Realty Trust in a report on Friday, September 29th. They issued a “buy” rating and a $34.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a report on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price target on shares of First Industrial Realty Trust in a report on Friday, October 27th. Finally, Stifel Nicolaus boosted their price target on First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. First Industrial Realty Trust has an average rating of “Hold” and a consensus price target of $31.86.

Shares of First Industrial Realty Trust (NYSE:FR) opened at $30.43 on Friday. First Industrial Realty Trust has a 12 month low of $25.31 and a 12 month high of $32.91. The stock has a market cap of $3,735.63, a price-to-earnings ratio of 28.44 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The company had revenue of $99.30 million during the quarter, compared to analysts’ expectations of $98.38 million. During the same period in the previous year, the company earned $0.37 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. sell-side analysts predict that First Industrial Realty Trust will post 1.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.76%. First Industrial Realty Trust’s dividend payout ratio is presently 78.50%.

In related news, Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $31.73, for a total transaction of $534,809.15. Following the completion of the sale, the director now directly owns 883,820 shares of the company’s stock, valued at approximately $28,043,608.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce W. Duncan sold 16,854 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $32.42, for a total transaction of $546,406.68. Following the sale, 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 have sold a total of 50,564 shares of company stock valued at $1,601,193 over the last three months. Corporate insiders own 1.71% of the company’s stock.

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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.

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

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