First Industrial Realty Trust (NYSE:FR - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02, Zacks reports. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. First Industrial Realty Trust updated its FY 2025 guidance to 2.940-2.980 EPS.
First Industrial Realty Trust Stock Up 3.3%
Shares of NYSE:FR traded up $1.69 on Wednesday, hitting $53.62. 2,044,165 shares of the company traded hands, compared to its average volume of 1,200,946. First Industrial Realty Trust has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $49.60. The company has a market cap of $7.10 billion, a PE ratio of 26.16 and a beta of 1.07.
First Industrial Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.3%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 86.83%.
Analysts Set New Price Targets
FR has been the subject of several research reports. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Weiss Ratings reissued a "hold (c)" rating on shares of First Industrial Realty Trust in a research note on Wednesday, October 8th. Mizuho raised their price target on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, September 8th. Cantor Fitzgerald started coverage on First Industrial Realty Trust in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $55.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $60.00 price target on shares of First Industrial Realty Trust in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.00.
Check Out Our Latest Stock Report on First Industrial Realty Trust
Hedge Funds Weigh In On First Industrial Realty Trust
Several institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings in shares of First Industrial Realty Trust by 158.3% during the second quarter. Osaic Holdings Inc. now owns 4,859 shares of the real estate investment trust's stock valued at $235,000 after acquiring an additional 2,978 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of First Industrial Realty Trust by 14.3% during the second quarter. Orion Porfolio Solutions LLC now owns 11,471 shares of the real estate investment trust's stock valued at $552,000 after acquiring an additional 1,439 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of First Industrial Realty Trust by 228.0% during the second quarter. Nomura Holdings Inc. now owns 22,550 shares of the real estate investment trust's stock valued at $1,085,000 after acquiring an additional 15,674 shares in the last quarter. FORA Capital LLC bought a new stake in First Industrial Realty Trust in the 2nd quarter worth about $204,000. Finally, Headlands Technologies LLC increased its holdings in First Industrial Realty Trust by 64.2% in the 2nd quarter. Headlands Technologies LLC now owns 2,507 shares of the real estate investment trust's stock worth $121,000 after buying an additional 980 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.
About First Industrial Realty Trust
(
Get Free Report)
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.
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