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

First Industrial Realty Trust (NYSE:FR - Get Free Report) announced its quarterly earnings results 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. The business had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. First Industrial Realty Trust updated its FY 2025 guidance to 2.870-2.970 EPS.

First Industrial Realty Trust Trading Down 4.5 %

NYSE:FR traded down $2.12 on Monday, hitting $45.43. 2,285,620 shares of the stock were exchanged, compared to its average volume of 1,117,605. The stock has a market cap of $6.01 billion, a PE ratio of 20.84 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 current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average of $52.94 and a 200-day moving average of $52.74.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a $0.445 dividend. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is 88.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FR. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed 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 target price for the company. Robert W. Baird boosted 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. Scotiabank cut their price objective on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Finally, Barclays restated a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.77.

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.