First Industrial Realty Trust(NYSE:FR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $97.976M. Analysts estimated a revenue of $95.040M. The revenues were 3.09% above the estimates. Earnings per share were $0.38. The reported EPS was above estimates by 192.31%. Analysts had estimated an EPS of $0.13.
In a different note, On Jan 11, 2017, Baird said it Downgrades its rating on First Industrial Realty Trust. The shares have been rated ‘Neutral’ by the firm.
First Industrial Realty Trust (FR) shares turned negative on Wednesdays trading session with the shares closing down -0.22 points or -0.82% at a volume of 6,07,073. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.76. The peak price level was also seen at $26.76 while the days lowest was $26.37. Finally the shares closed at $26.48. The 52-week high of the shares is $29.7501 while the 52-week low is $20.675. According to the latest information available, the market cap of the company is $3,096 M.
Several Insider Transactions has been reported to the SEC. On Feb 10, 2017, Bruce W Duncan (director) sold 17,460 shares at $25.89 per share price.Also, On Nov 4, 2016, H Patrick Jr Hackett (director) sold 9,050 shares at $25.76 per share price.On Aug 9, 2016, Johannson L Yap (Chief Investment Officer) sold 35,000 shares at $29.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Trust owns approximately 634 in-service industrial properties containing approximately 62.4 million square feet of gross leasable area (GLA). Its in-service portfolio consisted of approximately 285 light industrial properties 90 R&D/flex properties 160 bulk warehouse properties and 99 regional warehouse properties located in 25 states. Its in-service portfolio includes all properties other than developed redeveloped and acquired properties that have not yet reached stabilized occupancy. The Trust’s interests in its properties and land parcels are held through partnerships corporations and limited liability companies controlled directly or indirectly by the Trust including the Operating Partnership and through its REIT subsidiaries.