Brokerages predict that First Industrial Realty Trust, Inc. (NYSE:FR) will post earnings per share (EPS) of $0.40 for the current quarter, according to Zacks. Five analysts have made estimates for First Industrial Realty Trust’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. First Industrial Realty Trust reported earnings of $0.39 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The company is scheduled to issue its next earnings results on Wednesday, July 25th.
On average, analysts expect that First Industrial Realty Trust will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.58 to $1.63. For the next year, analysts expect that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.68 to $1.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover First Industrial Realty Trust.
First Industrial Realty Trust (NYSE:FR) last released its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.17. First Industrial Realty Trust had a net margin of 53.92% and a return on equity of 15.01%. The company had revenue of $99.77 million during the quarter, compared to analysts’ expectations of $98.86 million. During the same quarter last year, the business earned $0.36 EPS. The business’s revenue was up 2.5% on a year-over-year basis.
Shares of FR stock traded up $0.28 during mid-day trading on Thursday, hitting $33.26. The stock had a trading volume of 829,900 shares, compared to its average volume of 877,102. First Industrial Realty Trust has a fifty-two week low of $27.61 and a fifty-two week high of $33.75. The stock has a market capitalization of $4.21 billion, a PE ratio of 21.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.47 and a current ratio of 1.47.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a $0.218 dividend. This represents a $0.87 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 55.41%.
In other First Industrial Realty Trust news, insider Johannson L. Yap sold 19,156 shares of First Industrial Realty Trust stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $30.24, for a total transaction of $579,277.44. Following the completion of the transaction, the insider now owns 272,877 shares in the company, valued at $8,251,800.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce W. Duncan sold 8,700 shares of First Industrial Realty Trust stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $32.25, for a total transaction of $280,575.00. Following the transaction, the director now owns 815,580 shares of the company’s stock, valued at approximately $26,302,455. The disclosure for this sale can be found here. Insiders sold 202,240 shares of company stock valued at $6,492,222 in the last quarter. Company insiders own 1.59% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates acquired a new position in First Industrial Realty Trust during the fourth quarter worth about $211,000. Zeke Capital Advisors LLC acquired a new position in First Industrial Realty Trust during the fourth quarter worth about $213,000. Vident Investment Advisory LLC acquired a new position in First Industrial Realty Trust during the fourth quarter worth about $236,000. OppenheimerFunds Inc. acquired a new position in First Industrial Realty Trust during the fourth quarter worth about $246,000. Finally, Xact Kapitalforvaltning AB acquired a new position in First Industrial Realty Trust during the fourth quarter worth about $267,000. Institutional investors own 90.86% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.