First Industrial Realty Trust (NYSE:FR) Announces Earnings Results, Misses Expectations By $0.17 EPS

First Industrial Realty Trust (NYSE:FR) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17), FiscalAI reports. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The business had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. During the same period in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. First Industrial Realty Trust updated its FY 2026 guidance to 3.090-3.190 EPS.

First Industrial Realty Trust Price Performance

FR stock opened at $58.46 on Thursday. The business has a 50 day moving average price of $58.05 and a 200 day moving average price of $54.38. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $60.20. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 32.66 and a beta of 1.14.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

Insider Transactions at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the sale, the executive owned 3,770 shares in the company, valued at $220,054.90. This represents a 15.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Institutional Trading of First Industrial Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth about $1,791,000. Danske Bank A S acquired a new position in First Industrial Realty Trust during the 3rd quarter worth approximately $51,000. Advisory Services Network LLC acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth approximately $97,000. Adelante Capital Management LLC raised its stake in First Industrial Realty Trust by 0.8% during the third quarter. Adelante Capital Management LLC now owns 397,648 shares of the real estate investment trust’s stock valued at $20,467,000 after buying an additional 3,203 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in First Industrial Realty Trust by 5.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 312,812 shares of the real estate investment trust’s stock worth $16,108,000 after buying an additional 14,860 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FR. JPMorgan Chase & Co. lifted their price target on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group upped their price target on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Scotiabank lifted their target price on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. Truist Financial boosted their price target on First Industrial Realty Trust from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Mizuho raised their target price on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $62.46.

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.