First Industrial Realty Trust (FR) Projected to Post Earnings on Wednesday

First Industrial Realty Trust (NYSE:FR - Get Free Report) will likely be releasing its earnings data after the market closes on Wednesday, April 16th. Analysts expect First Industrial Realty Trust to post 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.Parties that are interested in registering for the company's conference call can do so using this link.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. 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 Trading Up 2.0 %

FR traded up $0.89 during mid-day trading on Friday, hitting $45.61. 1,763,108 shares of the stock were exchanged, compared to its average volume of 1,109,343. The firm's fifty day moving average is $53.74 and its two-hundred day moving average is $53.03. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $58.17. The company has a market cap of $6.04 billion, a PE ratio of 20.92 and a beta of 1.07.

Remove Ads

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.90%. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 81.65%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird raised their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Scotiabank dropped their price target on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Barclays reiterated a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.