$0.43 EPS Expected for First Industrial Realty Trust, Inc. (NYSE:FR) This Quarter

Equities analysts forecast that First Industrial Realty Trust, Inc. (NYSE:FR) will post earnings of $0.43 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for First Industrial Realty Trust’s earnings. First Industrial Realty Trust reported earnings per share of $0.40 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The business is scheduled to announce its next earnings report on Wednesday, October 23rd.

On average, analysts expect that First Industrial Realty Trust will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.70 to $1.73. For the next year, analysts expect that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.79 to $1.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow First Industrial Realty Trust.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). First Industrial Realty Trust had a net margin of 35.11% and a return on equity of 8.70%. The company had revenue of $104.10 million during the quarter, compared to analyst estimates of $105.62 million. During the same quarter last year, the company posted $0.39 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis.

A number of research analysts recently commented on FR shares. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, July 31st. Goldman Sachs Group started coverage on shares of First Industrial Realty Trust in a research note on Wednesday, May 15th. They issued a “buy” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.70.

Several large investors have recently made changes to their positions in FR. Bank of America Corp DE grew its position in shares of First Industrial Realty Trust by 26.5% during the 4th quarter. Bank of America Corp DE now owns 760,120 shares of the real estate investment trust’s stock worth $21,937,000 after purchasing an additional 159,415 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of First Industrial Realty Trust by 190.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 18,566 shares of the real estate investment trust’s stock worth $536,000 after acquiring an additional 12,175 shares during the period. Squarepoint Ops LLC bought a new stake in shares of First Industrial Realty Trust during the 4th quarter worth approximately $354,000. Millennium Management LLC lifted its holdings in shares of First Industrial Realty Trust by 140.2% during the 4th quarter. Millennium Management LLC now owns 505,048 shares of the real estate investment trust’s stock worth $14,576,000 after acquiring an additional 294,779 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of First Industrial Realty Trust by 14.0% during the 4th quarter. Amalgamated Bank now owns 18,251 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 2,247 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

FR traded up $0.78 on Thursday, reaching $37.55. The company had a trading volume of 39,714 shares, compared to its average volume of 672,806. First Industrial Realty Trust has a fifty-two week low of $27.30 and a fifty-two week high of $38.89. The firm has a market cap of $4.69 billion, a PE ratio of 23.50, a P/E/G ratio of 3.42 and a beta of 0.71. The firm’s fifty day simple moving average is $37.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 0.88.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. First Industrial Realty Trust’s payout ratio is presently 57.50%.

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 and Estimates for First Industrial Realty Trust (NYSE:FR)

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