First Industrial Realty Trust (FR) Receiving Somewhat Favorable News Coverage, Analysis Finds

News coverage about First Industrial Realty Trust (NYSE:FR) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Industrial Realty Trust earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.175272205944 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of First Industrial Realty Trust (NYSE FR) opened at $28.96 on Monday. 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 52 week low of $25.56 and a 52 week high of $32.91. The stock has a market cap of $3,470.77, a price-to-earnings ratio of 27.07 and a beta of 0.90.

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 6th. KeyCorp restated a “hold” rating on shares of First Industrial Realty Trust in a report on Tuesday, October 24th. ValuEngine cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Jefferies Group upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, SunTrust Banks restated a “buy” rating and set a $32.00 price target on shares of First Industrial Realty Trust in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. First Industrial Realty Trust presently has an average rating of “Hold” and a consensus target price of $32.29.

In related news, Director Bruce W. Duncan sold 16,854 shares of First Industrial Realty Trust stock in a transaction on Friday, December 8th. The shares were sold at an average price of $32.42, for a total value of $546,406.68. Following the completion of the sale, the director now owns 866,966 shares of the company’s stock, valued at approximately $28,107,037.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for First Industrial Realty Trust (NYSE:FR)

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