First Industrial Realty Trust (NYSE:FR) Announces Quarterly Earnings Results

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 for the quarter, topping analysts' consensus estimates of $0.72 by $0.04, Zacks reports. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. The firm had revenue of $180.16 million during the quarter, compared to analyst estimates of $176.46 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. First Industrial Realty Trust's revenue for the quarter was up 9.8% on a year-over-year basis. First Industrial Realty Trust updated its FY 2025 guidance to 2.880-2.960 EPS.

First Industrial Realty Trust Stock Up 0.2%

Shares of First Industrial Realty Trust stock traded up $0.10 on Thursday, reaching $49.41. The stock had a trading volume of 2,074,070 shares, compared to its average volume of 1,225,923. The company has a 50 day moving average price of $49.37 and a 200 day moving average price of $51.00. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. First Industrial Realty Trust has a 1 year low of $40.31 and a 1 year high of $58.17. The stock has a market capitalization of $6.54 billion, a P/E ratio of 24.48 and a beta of 1.07.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 88.12%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Industrial Realty Trust stock. Goldman Sachs Group Inc. lifted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 41.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 839,536 shares of the real estate investment trust's stock after buying an additional 244,562 shares during the period. Goldman Sachs Group Inc. owned approximately 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.

Analysts Set New Price Targets

FR has been the subject of a number of analyst reports. Robert W. Baird lowered their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Scotiabank increased their price target on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Royal Bank Of Canada lowered their price target on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Truist Financial lowered their price target on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered 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 report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Hold" and a consensus price target of $55.91.

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.