First Industrial Realty Trust, (NYSE:FR):
First Industrial Realty Trust Closes New $725 Million Unsecured Credit Facility and Refinances $460 Million of Term Loans.
The company is trading unchanged by % since yesterday’s close of $30.88.
Additionally the company recently announced a dividend paid on Monday the 16th of October 2017. The dividend was $0.210 per share for the quarter which is $0.84 annualized. The dividend yield was $2.71. The ex-dividend date was set for Thursday the 28th of September 2017.
First Industrial Realty Trust, Inc., launched on August 10, 1993, 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 Business’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. The Business’s in-service portfolio includes all properties that have reached stabilized occupancy, developed and redeveloped properties and acquired properties that are occupied at acquisition or one year from the acquisition date..
It is currently trading at $30.88 which is marginally under $30.89, the stock’s 50 day moving average and slightly over the 200 day moving average of $29.72. The 50 day moving average went down by -0.03% and the 200 day average went up by +3.91%.
First Industrial Realty Trust, ‘s P/E ratio is 31.45 and the market value is 3.70B. As of the last earnings report the EPS was $0.98 and is expected to be $0.87 for the current year with 119,844,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.16 with next year’s EPS projected to be $0.66.
Investors are a little more bullish on shares of First Industrial Realty Trust, considering the motion in short interest. The firm experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -10.68%. Short interest decreased 302,161 over that period. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares is 0.02% as of October 13.