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

First Industrial Realty Trust (NYSE:FR) will be releasing its earnings data after the market closes on Wednesday, October 16th. Analysts expect First Industrial Realty Trust to post earnings of $0.67 per share for the quarter. First Industrial Realty Trust has set its FY24 guidance at $2.59-2.67 EPS and its FY 2024 guidance at 2.570-2.650 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm had revenue of $164.10 million for the quarter, compared to analysts’ expectations of $163.48 million. First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, analysts expect First Industrial Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Industrial Realty Trust Stock Down 0.1 %

Shares of NYSE FR opened at $54.49 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $7.21 billion, a PE ratio of 25.11 and a beta of 1.08. The stock’s fifty day simple moving average is $55.20 and its two-hundred day simple moving average is $51.12. First Industrial Realty Trust has a 12-month low of $40.44 and a 12-month high of $57.35.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 2.72%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FR shares. Wolfe Research raised First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a research report on Tuesday, August 13th. Truist Financial raised their price objective on First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays raised their price objective on First Industrial Realty Trust from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group raised their price objective on First Industrial Realty Trust from $46.00 to $52.00 and gave the stock a “sell” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $57.92.

First Industrial Realty Trust Company Profile

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.