First Industrial Realty Trust (NYSE:FR) Posts Quarterly Earnings Results, Beats Expectations By $0.36 EPS

First Industrial Realty Trust (NYSE:FR - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.36, Zacks reports. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. First Industrial Realty Trust updated its FY 2025 guidance to 2.870-2.970 EPS.

First Industrial Realty Trust Stock Performance

NYSE FR traded down $0.28 during trading on Friday, hitting $54.87. The company's stock had a trading volume of 1,341,424 shares, compared to its average volume of 1,183,749. First Industrial Realty Trust has a 52 week low of $45.10 and a 52 week high of $57.35. The firm has a market cap of $7.26 billion, a P/E ratio of 25.17 and a beta of 1.09. The firm has a 50 day moving average price of $51.61 and a 200 day moving average price of $53.50. 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. Investors of record on Monday, March 31st will be paid a dividend of $0.445 per share. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.24%. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

Analysts Set New Price Targets

FR has been the topic of a number of research reports. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Barclays dropped their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $57.38.

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.