Wedbush Research Analysts Lift Earnings Estimates for FR

First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) - Wedbush increased their FY2025 earnings per share (EPS) estimates for shares of First Industrial Realty Trust in a report issued on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $2.94 per share for the year, up from their previous estimate of $2.93. The consensus estimate for First Industrial Realty Trust's current full-year earnings is $2.89 per share. Wedbush also issued estimates for First Industrial Realty Trust's FY2026 earnings at $3.16 EPS.

Several other analysts have also commented on FR. Barclays reduced 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 report on Monday, November 18th. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $57.38.

First Industrial Realty Trust Trading Down 0.4 %

Shares of FR stock traded down $0.25 during trading on Wednesday, hitting $55.60. 504,266 shares of the stock traded hands, compared to its average volume of 1,183,749. The firm has a market capitalization of $7.36 billion, a P/E ratio of 25.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The firm's fifty day moving average price is $51.93 and its 200-day moving average price is $53.57. First Industrial Realty Trust has a 52-week low of $45.10 and a 52-week high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates 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%.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in First Industrial Realty Trust in the fourth quarter valued at $218,000. Freestone Grove Partners LP purchased a new stake in shares of First Industrial Realty Trust in the fourth quarter valued at about $523,000. AQR Capital Management LLC raised its holdings in shares of First Industrial Realty Trust by 25.3% in the fourth quarter. AQR Capital Management LLC now owns 109,648 shares of the real estate investment trust's stock valued at $5,493,000 after buying an additional 22,142 shares during the last quarter. Northern Trust Corp raised its holdings in shares of First Industrial Realty Trust by 41.2% in the fourth quarter. Northern Trust Corp now owns 1,554,330 shares of the real estate investment trust's stock valued at $77,919,000 after buying an additional 453,465 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of First Industrial Realty Trust by 7.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 949,185 shares of the real estate investment trust's stock valued at $47,583,000 after buying an additional 68,103 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's payout ratio is presently 67.89%.

About First Industrial Realty Trust

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.