First Industrial Realty Trust (FR) to Release Earnings on Wednesday

First Industrial Realty Trust (NYSE:FR) will likely be issuing its quarterly earnings data after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $176.98 million for the quarter. First Industrial Realty Trust has set its FY 2025 guidance at 2.870-2.970 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. On average, analysts expect First Industrial Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Industrial Realty Trust Stock Down 5.2 %

Shares of NYSE:FR opened at $42.94 on Wednesday. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 19.70 and a beta of 1.07. First Industrial Realty Trust has a fifty-two week low of $42.46 and a fifty-two week high of $58.17. The firm’s 50-day simple moving average is $54.35 and its 200-day simple moving average is $53.32. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 4.15%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price target for the stock from $52.00 to $59.00 in a report on Friday, February 21st. Finally, Scotiabank reduced their price objective on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.77.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.