Wedbush Has Bullish Forecast for FR FY2025 Earnings

First Industrial Realty Trust, Inc. (NYSE:FR) – Equities researchers at Wedbush upped their FY2025 earnings estimates for shares of First Industrial Realty Trust in a report issued on Monday, February 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $2.94 for the year, up from their previous estimate of $2.93. The consensus estimate for First Industrial Realty Trust’s current full-year earnings is $2.89 per share. Wedbush also issued estimates for First Industrial Realty Trust’s FY2026 earnings at $3.16 EPS.

FR has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. Barclays decreased their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust currently has an average rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Trading Up 1.1 %

NYSE FR opened at $55.88 on Wednesday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 25.63 and a beta of 1.09. First Industrial Realty Trust has a one year low of $45.10 and a one year high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The business’s fifty day moving average is $51.77 and its 200-day moving average is $53.55.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%.

Institutional Trading of First Industrial Realty Trust

A number of hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co lifted its position in First Industrial Realty Trust by 3.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 271,301 shares of the real estate investment trust’s stock worth $13,592,000 after buying an additional 9,564 shares during the last quarter. Marshall Wace LLP lifted its position in First Industrial Realty Trust by 69.9% in the 4th quarter. Marshall Wace LLP now owns 312,730 shares of the real estate investment trust’s stock worth $15,677,000 after buying an additional 128,692 shares during the last quarter. XTX Topco Ltd lifted its position in First Industrial Realty Trust by 55.4% in the 4th quarter. XTX Topco Ltd now owns 20,947 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 7,471 shares during the last quarter. Barclays PLC lifted its position in First Industrial Realty Trust by 109.7% in the 4th quarter. Barclays PLC now owns 274,968 shares of the real estate investment trust’s stock worth $13,783,000 after buying an additional 143,857 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in First Industrial Realty Trust by 1.1% in the 4th quarter. Sterling Capital Management LLC now owns 147,489 shares of the real estate investment trust’s stock worth $7,394,000 after buying an additional 1,599 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.445 per share. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.19%. First Industrial Realty Trust’s payout ratio is presently 67.89%.

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.