First Industrial Realty Trust (NYSE:FR) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

First Industrial Realty Trust (NYSE:FR) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02), Zacks reports. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The business had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust updated its FY 2025 guidance to 2.870-2.970 EPS.

First Industrial Realty Trust Trading Up 1.5 %

Shares of FR stock opened at $47.53 on Friday. The stock has a 50-day simple moving average of $53.11 and a 200 day simple moving average of $52.82. The stock has a market capitalization of $6.29 billion, a P/E ratio of 21.80 and a beta of 1.07. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is currently 81.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FR shares. Scotiabank dropped their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th. Barclays reaffirmed a “cautious” rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Robert W. Baird upped their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective on the stock. Finally, The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their target price for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.77.

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.