First qualification of Industrial Realty Trust, Inc. (FR) increased to buy in ValuEngine



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  Logo of First Industrial Realty Trust, Inc. ValuEngine updated shares of First Industrial Realty Trust, Inc. (NYSE): FR) from a withholding rating to a purchase rating in a report published on Wednesday, November 15.

A number of other stockbrokers have also issued reports on RF. SunTrust Banks, Inc. reissued a purchase rating and set a target price of $ 34.00 in shares of First Industrial Realty Trust in a research note on Friday, November 10. Stifel Nicolaus raised his target price in First Industrial Realty Trust stock from $ 33.00 to $ 34.00 and gave the company a Buy rating in a report on Monday, November 6. KeyCorp reiterated a suspension rating on shares of First Industrial Realty Trust in a report on Tuesday, October 24. Janney Montgomery Scott began coverage of First Industrial Realty Trust shares in a report on Friday, September 29. They established a purchase rating and a target price of $ 34.00 on the stock. Finally, Jefferies Group LLC reiterated a neutral rating on the shares of First Industrial Realty Trust in a report on Tuesday, September 26. Five investment badysts have rated the stock with a waiting rating and five have badigned a purchase rating to the company. First Industrial Realty Trust currently has a Buy consensus rating and an average price target of $ 32.00.

First Industrial Realty Trust (NYSE FR) opened at $ 32.60 on Wednesday. First Industrial Realty Trust has a minimum of 12 months of $ 25.31 and a maximum of 12 months of $ 32.86. The company has a current index of 0.81, a quick ratio of 0.81 and a debt to equity ratio of 0.98. The company has a market capitalization of $ 3,907.01, a P / E ratio of 21.17 and a beta of 1.01.

First Industrial Realty Trust (NYSE: FR) last published its quarterly earnings data on Wednesday, October 25. The real estate investment trust reported $ 0.41 EPS for the quarter, exceeding Zacks' consensus estimate of $ 0.16 for $ 0.25. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business had revenues of $ 99.30 million for the quarter, compared to badysts' estimates of $ 98.38 million. During the same quarter of last year, the company earned $ 0.37 of earnings per share. Business revenues for the quarter increased by 6.1% year-on-year. Research badysts expect First Industrial Realty Trust to publish 1.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16. The shareholders registered on Friday, December 29 will receive a dividend of $ 0.21 per share. The ex dividend date of this dividend is Thursday, December 28. This represents an annualized dividend of $ 0.84 and a dividend yield of 2.58%. The dividend payment index (DPR) of First Industrial Realty Trust is currently 78.50%.

In other news from the First Industrial Realty Trust, Director Bruce W. Duncan sold 16,855 shares of the company's stock in a transaction on Thursday, September 14. The shares were sold at an average price of $ 31.50, for a total value of $ 530,932.50. After the transaction, the director is now the direct owner of 917,530 shares of the company, valued at $ 28,902,195. The transaction was disclosed in a document filed with the SEC, which is available through this link. During the last quarter, insiders sold 50,565 shares of the company's stock worth $ 1,585,718. 1.71% of the shares are owned by company experts.

Large investors have recently added or reduced their holdings in the business. IFP Advisors Inc increased its stake in First Industrial Realty Trust shares by 5.2% in the second quarter. IFP Advisors Inc now holds 3,823 shares of the real estate investment trust shares worth $ 109,000 after acquiring an additional 190 shares during the last quarter. First Mercantile Trust Co. increased its stake in First Industrial Realty Trust shares by 1.8% in the second quarter. First Mercantile Trust Co. now owns 4,070 shares of real estate investment trust shares worth $ 116,000 after acquiring 70 additional shares during the last quarter. Riverhead Capital Management LLC increased its stake in First Industrial Realty Trust shares by 77.8% in the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust shares worth $ 178,000 after acquiring 2,724 additional shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in First Industrial Realty Trust stock in the third quarter with a value of approximately $ 213,000. Finally, World Asset Management Inc purchased a new position in First Industrial Realty Trust stock in the second quarter for approximately $ 212,000. Hedge funds and other institutional investors own 93.64% of the company's shares.

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About First Industrial Realty Trust

First Industrial Realty Trust, Inc. is a real estate investment fund (REIT). The Trust is a self-managed real estate company that owns, manages, acquires, sells, develops and develops industrial real estate. As of December 31, 2016, the Company's portfolio of services consisted of 215 light industrial properties, 53 research and development (R & D) / flex properties, 167 bulk deposit properties and 100 regional deposit properties that contain a total of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

To see ValuEngine's full report, visit the official ValuEngine website.

  Analyst's recommendations for First Industrial Realty Trust (NYSE: FR) "title =" Analyst recommendations for First Industrial Realty Trust (NYSE: FR) "/> </p>
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