News stories about First Industrial Realty Trust (NYSE:FR) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring 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 one, with scores nearest to one being the most favorable. First Industrial Realty Trust earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.6727806370612 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts recently commented on the company. SunTrust Banks, Inc. reiterated a “buy” rating and set a $32.00 price target on shares of First Industrial Realty Trust in a report on Friday, October 27th. Jefferies Group LLC reiterated a “neutral” rating on shares of First Industrial Realty Trust in a report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a report on Tuesday, October 24th. Stifel Nicolaus reiterated a “buy” rating and set a $31.50 price target on shares of First Industrial Realty Trust in a report on Friday, July 14th. Finally, Janney Montgomery Scott assumed coverage on First Industrial Realty Trust in a report on Friday, September 29th. They set a “buy” rating and a $34.00 price target for the company. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.17.
First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.25. The firm had revenue of $99.30 million during the quarter, compared to analyst estimates of $98.38 million. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS.
In other news, EVP David Harker sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the transaction, the executive vice president now directly owns 118,470 shares of the company’s stock, valued at approximately $3,607,411.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce W. Duncan sold 15,146 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $30.15, for a total transaction of $456,651.90. Following the transaction, the director now directly owns 934,385 shares of the company’s stock, valued at $28,171,707.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,856 shares of company stock valued at $2,116,561. Company insiders own 1.71% of the company’s stock.
About First Industrial Realty Trust
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.
What are top analysts saying about First Industrial Realty Trust Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Industrial Realty Trust Inc. and related companies.