First Industrial Realty Trust, Inc. (FR) To Go Ex-Dividend on June 30th

First Industrial Realty Trust, Inc. (NYSE:FR) declared a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, June 30th will be given a dividend of 0.50 per share by the real estate investment trust on Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

First Industrial Realty Trust has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. First Industrial Realty Trust has a payout ratio of 117.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect First Industrial Realty Trust to earn $3.43 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 58.3%.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $62.09 on Friday. First Industrial Realty Trust has a one year low of $47.36 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.12. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 24.06 and a beta of 1.07. The firm has a 50 day simple moving average of $60.74 and a 200 day simple moving average of $58.52.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%.The company had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. During the same period in the previous year, the firm posted $0.71 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Research analysts predict that First Industrial Realty Trust will post 3.15 earnings per share for the current fiscal year.

Institutional Trading of First Industrial Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FR. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Industrial Realty Trust by 856,065.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after purchasing an additional 9,784,830 shares during the last quarter. Norges Bank bought a new position in First Industrial Realty Trust during the fourth quarter worth $320,075,000. Cohen & Steers Inc. bought a new position in First Industrial Realty Trust during the fourth quarter worth $118,365,000. Rush Island Management LP acquired a new position in First Industrial Realty Trust in the second quarter valued at $79,904,000. Finally, AQR Capital Management LLC lifted its holdings in First Industrial Realty Trust by 491.9% in the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock valued at $89,291,000 after buying an additional 1,541,778 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.