First Industrial Realty Trust (FR) Scheduled to Post Quarterly Earnings on Wednesday


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First Industrial Realty Trust (NYSE:FR) will issue its quarterly earnings data after the market closes on Wednesday, April 21st. Analysts expect the company to announce earnings of $0.46 per share for the quarter. First Industrial Realty Trust has set its FY 2021
After-Hours guidance at 1.85-1.95 EPS and its FY21 guidance at $1.85-1.95 EPS.Parties interested in participating in the company’s conference call can do so using this link.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, February 10th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.21. First Industrial Realty Trust had a return on equity of 11.50% and a net margin of 46.84%. The firm had revenue of $112.29 million during the quarter, compared to analyst estimates of $109.69 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. On average, analysts expect First Industrial Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:FR opened at $47.45 on Wednesday. First Industrial Realty Trust has a 52-week low of $31.65 and a 52-week high of $47.59. The firm has a market capitalization of $6.13 billion, a P/E ratio of 28.93 and a beta of 0.84. The stock has a 50 day moving average price of $45.14 and a 200-day moving average price of $42.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.72 and a current ratio of 1.72.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 19th. Stockholders of record on Wednesday, March 31st will be given a $0.27 dividend. The ex-dividend date is Tuesday, March 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.28%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.25. First Industrial Realty Trust’s dividend payout ratio is currently 62.07%.

In other news, CIO Johannson L. Yap sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $43.34, for a total value of $1,083,500.00. Following the transaction, the executive now directly owns 232,489 shares in the company, valued at approximately $10,076,073.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.29% of the company’s stock.

Several analysts recently weighed in on FR shares. Jefferies Financial Group upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $46.00 to $49.00 in a research note on Wednesday, January 13th. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and increased their target price for the company from $44.00 to $46.00 in a research note on Wednesday, March 31st. Finally, Zacks Investment Research downgraded First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 9th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. First Industrial Realty Trust currently has an average rating of “Buy” and an average price target of $42.06.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Earnings History for First Industrial Realty Trust (NYSE:FR)

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