First Industrial Realty Trust Target of Unusually Large Options Trading (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE:FR) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 20,012 call options on the stock. This represents an increase of approximately 4,966% compared to the typical volume of 395 call options.

Insider Transactions at First Industrial Realty Trust

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at about $26,000. Mather Group LLC. bought a new position in shares of First Industrial Realty Trust during the third quarter worth about $39,000. Elevation Point Wealth Partners LLC bought a new position in shares of First Industrial Realty Trust during the second quarter worth about $40,000. SJS Investment Consulting Inc. acquired a new stake in First Industrial Realty Trust in the 3rd quarter valued at approximately $47,000. Finally, Danske Bank A S bought a new stake in First Industrial Realty Trust in the 3rd quarter valued at approximately $51,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.0%

Shares of NYSE:FR traded down $0.01 during trading on Wednesday, hitting $59.11. 756,412 shares of the company’s stock traded hands, compared to its average volume of 906,224. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $57.34 and a 200-day moving average price of $53.38. First Industrial Realty Trust has a 52 week low of $40.31 and a 52 week high of $59.58. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 33.02 and a beta of 1.14.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $181.43 million for the quarter, compared to the consensus estimate of $182.63 million. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. As a group, research analysts forecast that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $58.00 price target on shares of First Industrial Realty Trust in a research report on Monday, January 5th. Scotiabank raised their target price on First Industrial Realty Trust from $57.00 to $62.00 and gave the stock a “sector perform” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Robert W. Baird set a $64.00 price target on First Industrial Realty Trust in a research note on Thursday, January 8th. Finally, Mizuho increased their price target on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $61.69.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.