Research Analysts Issue Forecasts for FR FY2025 Earnings

First Industrial Realty Trust, Inc. (NYSE:FR) – Equities research analysts at 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 anticipates that the real estate investment trust will earn $2.94 per share for the year, up from their previous forecast 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.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating 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%.

A number of other equities analysts have also recently issued reports on FR. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price on the stock. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Finally, Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Hold” and an average price target of $57.38.

First Industrial Realty Trust Stock Up 1.9 %

Shares of NYSE:FR opened at $56.04 on Wednesday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 25.71 and a beta of 1.09. First Industrial Realty Trust has a 1 year low of $45.10 and a 1 year high of $57.35. The business’s 50-day moving average is $51.65 and its 200-day moving average is $53.52. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given a $0.445 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.18%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is 67.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of First Industrial Realty Trust by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust’s stock valued at $962,039,000 after purchasing an additional 304,589 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after buying an additional 747,101 shares during the period. Geode Capital Management LLC lifted its holdings in shares of First Industrial Realty Trust by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock worth $138,214,000 after buying an additional 15,093 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of First Industrial Realty Trust by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust’s stock valued at $110,581,000 after acquiring an additional 23,280 shares during the period. Finally, Rush Island Management LP purchased a new position in First Industrial Realty Trust during the third quarter valued at approximately $60,848,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

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.