Wedbush Has Positive Outlook of FR FY2025 Earnings

First Industrial Realty Trust, Inc. (NYSE:FR) – Equities researchers at Wedbush increased their FY2025 earnings estimates for First Industrial Realty Trust in a research report issued on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $2.94 per share 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.

A number of other equities research analysts have also weighed in on FR. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective for the company. Barclays cut their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Finally, KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.38.

First Industrial Realty Trust Price Performance

FR stock opened at $56.04 on Wednesday. The firm has a market cap of $7.42 billion, a P/E ratio of 25.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. First Industrial Realty Trust has a 1 year low of $45.10 and a 1 year high of $57.35. The stock has a 50-day simple moving average of $51.65 and a 200-day simple moving average of $53.52.

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

Institutional Investors Weigh In On First Industrial Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $28,000. UMB Bank n.a. grew its holdings in shares of First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 466 shares in the last quarter. Blue Trust Inc. grew its stake in First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 636 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 417 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 481 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio is 67.89%.

About First Industrial Realty Trust

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.