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

First Industrial Realty Trust (NYSE:FR - Get Free Report) is expected 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 announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. 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 Performance

FR traded down $0.26 during trading on Wednesday, hitting $48.27. The stock had a trading volume of 1,090,426 shares, compared to its average volume of 1,204,508. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $6.39 billion, a P/E ratio of 23.90 and a beta of 1.07. The company's 50-day moving average price is $49.30 and its 200 day moving average price is $51.07. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $58.17.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders 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 yield of 3.69%. First Industrial Realty Trust's dividend payout ratio is currently 88.12%.

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. boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 41.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 839,536 shares of the real estate investment trust's stock after purchasing an additional 244,562 shares during the quarter. Goldman Sachs Group Inc. owned about 0.63% of First Industrial Realty Trust worth $45,301,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FR. Royal Bank Of Canada dropped their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Barclays decreased their target price on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Truist Financial decreased their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. 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 on the stock in a research report on Tuesday, April 22nd. Finally, Robert W. Baird decreased their target price on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $55.91.

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.