First Industrial Realty Trust (NYSE:FR) has climbed 1.83% in the past week and advanced 9.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.05% and the outperformance has advanced to 8.4% for the last 4 weeks period.
First Industrial Realty Trust (NYSE:FR): The stock opened at $26.70 on Friday but the bulls could not build on the opening and the stock topped out at $26.89 for the day. The stock traded down to $26.45 during the day, due to lack of any buying support eventually closed down at $26.78 with a loss of -0.07% for the day. The stock had closed at $26.80 on the previous day. The total traded volume was 1,916,036 shares.
The company shares have rallied 34.91% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $26.89 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $24.83 and the 200 Day Moving Average price is recorded at $22.46.
On the companys insider trading activities,The director officer (President and CEO) of First Industrial Realty Trust Inc, Duncan Bruce W sold 26,333 shares at $22.17 on March 7, 2016. The Insider selling transaction had a total value worth of $583,803. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Jefferies downgrades its rating on First Industrial Realty Trust (NYSE:FR).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 1.83% of First Industrial Realty Trust shares according to the proxy statements. Institutional Investors own 99.02% of First Industrial Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -2.27%.
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 Trusts 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.