First Industrial Realty Trust (FR) to Release Quarterly Earnings on Wednesday

First Industrial Realty Trust (NYSE:FR - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 16th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $176.46 million for the quarter. First Industrial Realty Trust has set its FY 2025 guidance at 2.870-2.970 EPS.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. The business had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. On average, analysts expect First Industrial Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Industrial Realty Trust Stock Up 0.6%

Shares of NYSE:FR traded up $0.30 during midday trading on Friday, hitting $49.39. The stock had a trading volume of 1,172,734 shares, compared to its average volume of 1,210,927. First Industrial Realty Trust has a 12 month low of $40.31 and a 12 month high of $58.17. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The business's 50-day simple moving average is $49.33 and its 200-day simple moving average is $51.03. The company has a market cap of $6.54 billion, a P/E ratio of 24.45 and a beta of 1.07.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.60%. First Industrial Realty Trust's dividend payout ratio is presently 88.12%.

Analyst Ratings Changes

Several research firms recently weighed in on FR. Truist Financial decreased their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group decreased their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Royal Bank Of Canada reduced their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $55.91.

Institutional Investors Weigh In On First Industrial Realty Trust

A hedge fund recently raised its stake in First Industrial Realty Trust stock. Goldman Sachs Group Inc. grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 41.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 839,536 shares of the real estate investment trust's stock after acquiring an additional 244,562 shares during the quarter. Goldman Sachs Group Inc. owned 0.63% of First Industrial Realty Trust worth $45,301,000 as of its most recent SEC filing. 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.