First Industrial Realty Trust Inc. (NYSE:FR) – Investment analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for First Industrial Realty Trust in a report issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the firm will post earnings per share of $1.68 for the year, down from their prior forecast of $1.70. Jefferies Group has a “Hold” rating on the stock.

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

Separately, Zacks Investment Research lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. First Industrial Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $26.00.

First Industrial Realty Trust (NYSE:FR) traded up 0.485% during trading on Wednesday, reaching $25.875. The company had a trading volume of 166,246 shares. The company has a 50-day moving average price of $26.35 and a 200 day moving average price of $27.01. The stock has a market cap of $3.03 billion, a PE ratio of 20.918 and a beta of 1.04. First Industrial Realty Trust has a 52-week low of $18.89 and a 52-week high of $29.75.

Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. purchased a new stake in First Industrial Realty Trust during the second quarter valued at about $109,000. Daiwa Securities Group Inc. raised its stake in shares of First Industrial Realty Trust by 10.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of First Industrial Realty Trust by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,424 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 435 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of First Industrial Realty Trust by 85.8% in the second quarter. LS Investment Advisors LLC now owns 7,069 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 3,264 shares in the last quarter. Finally, Nuveen Fund Advisors LLC bought a new stake in shares of First Industrial Realty Trust during the third quarter worth $214,000. Institutional investors and hedge funds own 99.50% of the company’s stock.

In other First Industrial Realty Trust news, Director H Patrick Hackett, Jr. sold 9,050 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $25.76, for a total value of $233,128.00. Following the transaction, the director now directly owns 75,442 shares of the company’s stock, valued at approximately $1,943,385.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.83% of the stock is currently owned by company insiders.

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. The Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA).

5 Day Chart for NYSE:FR

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