First Industrial Realty Trust, Inc. (FR) Expected to Earn Q4 2017 Earnings of $0.40 Per Share

First Industrial Realty Trust, Inc. (NYSE:FR) – Investment analysts at KeyCorp issued their Q4 2017 earnings per share (EPS) estimates for First Industrial Realty Trust in a note issued to investors on Wednesday. KeyCorp analyst C. Mailman forecasts that the real estate investment trust will earn $0.40 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for First Industrial Realty Trust’s Q1 2018 earnings at $0.38 EPS.

Several other research firms have also issued reports on FR. Jefferies Group reissued a “hold” rating and set a $34.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, November 24th. JPMorgan Chase & Co. lowered First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research note on Friday, December 15th. ValuEngine raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 price target on shares of First Industrial Realty Trust in a research note on Friday, November 10th. Finally, Stifel Nicolaus lifted their price target on First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.86.

First Industrial Realty Trust (NYSE FR) traded up $0.20 during trading hours on Monday, reaching $31.32. The company’s stock had a trading volume of 903,200 shares, compared to its average volume of 782,501. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98. First Industrial Realty Trust has a twelve month low of $25.31 and a twelve month high of $32.91. The stock has a market capitalization of $3,729.64, a P/E ratio of 29.27 and a beta of 1.02.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The company had revenue of $99.30 million during the quarter, compared to the consensus estimate of $98.38 million. During the same period last year, the business posted $0.37 earnings per share. First Industrial Realty Trust’s revenue was up 6.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.68%. 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 business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $519,976.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce W. Duncan sold 16,854 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $32.42, for a total value of $546,406.68. Following the transaction, the director now owns 866,966 shares in the company, valued at approximately $28,107,037.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,564 shares of company stock worth $1,601,193. 1.71% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in shares of First Industrial Realty Trust by 5.2% during the 2nd quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 190 shares during the period. GAM Holding AG grew its holdings in shares of First Industrial Realty Trust by 3.6% during the 2nd quarter. GAM Holding AG now owns 9,946 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 345 shares during the period. Amalgamated Bank grew its holdings in shares of First Industrial Realty Trust by 2.2% during the 2nd quarter. Amalgamated Bank now owns 16,607 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 351 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of First Industrial Realty Trust by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 45,128 shares of the real estate investment trust’s stock worth $1,292,000 after acquiring an additional 523 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of First Industrial Realty Trust by 1.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 37,353 shares of the real estate investment trust’s stock worth $1,069,000 after acquiring an additional 565 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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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.

Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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