First Industrial Realty Trust (NYSE:FR) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

First Industrial Realty Trust (NYSE:FR) posted its earnings results on Wednesday. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.14, FiscalAI reports. The company had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. First Industrial Realty Trust updated its FY 2026 guidance to 3.120-3.200 EPS.

First Industrial Realty Trust Trading Down 1.0%

Shares of NYSE:FR traded down $0.70 during midday trading on Wednesday, hitting $67.76. 1,157,252 shares of the stock were exchanged, compared to its average volume of 1,076,386. The business’s 50-day moving average price is $63.12 and its 200 day moving average price is $61.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. First Industrial Realty Trust has a 12 month low of $47.38 and a 12 month high of $69.88. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 26.26 and a beta of 1.05.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.

Hedge Funds Weigh In On First Industrial Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust during the third quarter valued at $26,000. Parallel Advisors LLC grew its stake in shares of First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 291 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 301 shares during the last quarter. Danske Bank A S bought a new position in First Industrial Realty Trust during the 3rd quarter worth $51,000. Finally, Parkside Financial Bank & Trust lifted its holdings in First Industrial Realty Trust by 27.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 262 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Weiss Ratings upgraded First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Truist Financial raised their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company decreased their price target on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $64.29.

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.