First Industrial Realty Trust (NYSE:FR) Updates FY 2025 Earnings Guidance

Key Points

• First Industrial Realty Trust updated its FY 2025 earnings guidance, projecting earnings per share (EPS) in the range of 2.940-2.980, significantly above the consensus estimate of 2.100.
• The company's stock rose by 3.3% to reach $53.62, with trading volume outpacing its average, indicating strong investor interest.
• First Industrial Realty Trust announced a quarterly dividend of $0.445 per share, reflecting a dividend yield of 3.3% and a payout ratio of 86.83%.

First Industrial Realty Trust (NYSE:FR - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.940-2.980 for the period, compared to the consensus estimate of 2.100. The company issued revenue guidance of -.

First Industrial Realty Trust Stock Up 3.3%

Shares of FR traded up $1.69 during trading hours on Wednesday, hitting $53.62. The stock had a trading volume of 2,044,147 shares, compared to its average volume of 1,200,946. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $58.17. The firm has a market capitalization of $7.10 billion, a P/E ratio of 26.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $49.60.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business had revenue of $180.16 million for the quarter, compared to analysts' expectations of $176.46 million. During the same quarter last year, the firm earned $0.66 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend 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 currently 86.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FR shares. Cantor Fitzgerald started coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a "neutral" rating and a $55.00 price target on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Mizuho lifted their price target on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, September 8th. 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 report on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $55.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in shares of First Industrial Realty Trust by 158.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,859 shares of the real estate investment trust's stock valued at $235,000 after purchasing an additional 2,978 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of First Industrial Realty Trust by 14.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,471 shares of the real estate investment trust's stock valued at $552,000 after purchasing an additional 1,439 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of First Industrial Realty Trust by 228.0% during the 2nd quarter. Nomura Holdings Inc. now owns 22,550 shares of the real estate investment trust's stock worth $1,085,000 after acquiring an additional 15,674 shares during the last quarter. FORA Capital LLC bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth $204,000. Finally, Headlands Technologies LLC lifted its holdings in shares of First Industrial Realty Trust by 64.2% during the 2nd quarter. Headlands Technologies LLC now owns 2,507 shares of the real estate investment trust's stock worth $121,000 after acquiring an additional 980 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.