News articles about First Industrial Realty Trust (NYSE:FR) have been trending somewhat positive on Thursday, Alpha One Sentiment reports. The research group, a service of Accern, rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Industrial Realty Trust earned a news impact score of 0.20 on Alpha One’s scale. Alpha One also gave headlines about the real estate investment trust an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Alpha One’s analysis:
- Zacks: Analysts Expect First Industrial Realty Trust, Inc. (FR) Will Announce Earnings of $0.37 Per Share (americanbankingnews.com)
- Real estate: New business park in Mesa, new shopping in Gilbert (bizjournals.com)
- Favorable News Coverage Very Unlikely to Impact First Industrial Realty Trust (FR) Stock Price (americanbankingnews.com)
- Favorable News Coverage Unlikely to Effect First Industrial Realty Trust (FR) Share Price (americanbankingnews.com)
- FY2017 EPS Estimates for First Industrial Realty Trust, Inc. (FR) Boosted by KeyCorp (americanbankingnews.com)
A number of research analysts recently weighed in on FR shares. Jefferies Group LLC upped their price target on First Industrial Realty Trust from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, March 2nd. Zacks Investment Research raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 27th. Robert W. Baird downgraded First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $28.00 in a research note on Wednesday, January 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $28.00 price target on shares of First Industrial Realty Trust in a research note on Wednesday, March 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.80.
Shares of First Industrial Realty Trust (NYSE:FR) traded up 0.04% during mid-day trading on Thursday, reaching $27.94. The company’s stock had a trading volume of 858,833 shares. The company has a market cap of $3.28 billion, a P/E ratio of 26.61 and a beta of 0.96. First Industrial Realty Trust has a 12 month low of $22.26 and a 12 month high of $29.75. The company has a 50-day moving average of $26.89 and a 200-day moving average of $26.79.
First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. First Industrial Realty Trust had a net margin of 37.72% and a return on equity of 11.92%. The company earned $97.98 million during the quarter, compared to analyst estimates of $95.04 million. During the same period in the previous year, the business earned $0.37 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that First Industrial Realty Trust will post $0.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were issued a $0.21 dividend. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Wednesday, March 29th. First Industrial Realty Trust’s payout ratio is presently 61.79%.
In related news, Director Bruce W. Duncan sold 17,156 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $27.84, for a total value of $477,623.04. Following the completion of the transaction, the director now directly owns 995,316 shares in the company, valued at approximately $27,709,597.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.83% of the stock is owned by insiders.
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.
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