First Industrial Realty Trust (NYSE:FR) Issues FY 2025 Earnings Guidance

First Industrial Realty Trust (NYSE:FR) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.870-2.970 for the period, compared to the consensus estimate of 2.910. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FR. Robert W. Baird lifted their target price 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. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Scotiabank reduced their target price 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. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target for the company. Finally, KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.77.

First Industrial Realty Trust Stock Up 0.6 %

NYSE:FR traded up $0.30 during mid-day trading on Wednesday, reaching $46.90. The company’s stock had a trading volume of 2,126,849 shares, compared to its average volume of 1,119,732. 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 has a 1 year low of $40.31 and a 1 year high of $58.17. The stock has a fifty day moving average of $53.42 and a 200-day moving average of $52.92. The firm has a market capitalization of $6.21 billion, a PE ratio of 21.51 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. Equities research analysts forecast that First Industrial Realty Trust will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.80%. The ex-dividend date is Monday, March 31st. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

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.