Brokerages forecast that First Industrial Realty Trust, Inc. (NYSE:FR) will report earnings of $0.42 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for First Industrial Realty Trust’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. First Industrial Realty Trust reported earnings of $0.39 per share in the same quarter last year, which indicates a positive year over year growth rate of 7.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that First Industrial Realty Trust will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.69 to $1.72. For the next year, analysts forecast that the business will report earnings of $1.81 per share, with EPS estimates ranging from $1.79 to $1.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover First Industrial Realty Trust.
First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). First Industrial Realty Trust had a return on equity of 9.05% and a net margin of 36.88%. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $104.68 million. During the same quarter last year, the firm earned $0.38 EPS. The company’s revenue was up 4.7% on a year-over-year basis.
Several research firms have commented on FR. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. First Industrial Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $32.58.
NYSE FR traded down $0.03 on Wednesday, hitting $37.42. 712,343 shares of the stock were exchanged, compared to its average volume of 706,794. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust has a fifty-two week low of $27.30 and a fifty-two week high of $38.10. The firm has a market cap of $4.74 billion, a P/E ratio of 23.39, a PEG ratio of 3.41 and a beta of 0.73. The firm has a 50-day simple moving average of $36.61.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. First Industrial Realty Trust’s dividend payout ratio is presently 57.50%.
Large investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of First Industrial Realty Trust by 12.8% during the 1st quarter. Signaturefd LLC now owns 2,814 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 320 shares during the last quarter. Exane Derivatives purchased a new stake in shares of First Industrial Realty Trust during the 1st quarter worth approximately $164,000. Rockefeller Capital Management L.P. purchased a new stake in shares of First Industrial Realty Trust during the 1st quarter worth approximately $169,000. World Asset Management Inc purchased a new stake in shares of First Industrial Realty Trust during the 1st quarter worth approximately $209,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of First Industrial Realty Trust during the 1st quarter worth approximately $240,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
First Industrial Realty Trust Company Profile
First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.
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