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

First Industrial Realty Trust (NYSE:FR) released its earnings results on Wednesday. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02), Zacks reports. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. First Industrial Realty Trust updated its FY 2025 guidance to 2.870-2.970 EPS.

First Industrial Realty Trust Trading Up 0.6 %

Shares of NYSE FR traded up $0.30 during midday trading on Wednesday, hitting $46.90. The company’s stock had a trading volume of 2,126,849 shares, compared to its average volume of 1,119,732. First Industrial Realty Trust has a 12-month low of $40.31 and a 12-month 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 firm has a market cap of $6.21 billion, a P/E ratio of 21.51 and a beta of 1.07. The business’s 50 day moving average is $53.42 and its two-hundred day moving average is $52.92.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is 81.65%.

Analyst Ratings Changes

FR has been the subject of a number of research analyst reports. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Robert W. Baird raised their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective on the stock. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their target price for the company from $52.00 to $59.00 in a report on Friday, February 21st. Finally, Barclays reaffirmed a “cautious” rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.