First Industrial Realty Trust (NYSE:FR) Issues Earnings Results

First Industrial Realty Trust (NYSE:FR) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.79, FiscalAI reports. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The business had revenue of $194.83 million during the quarter, compared to analyst estimates of $190.80 million. First Industrial Realty Trust updated its FY 2026 guidance to 3.090-3.190 EPS.

First Industrial Realty Trust Trading Up 0.1%

NYSE FR traded up $0.05 on Wednesday, hitting $63.26. 1,253,416 shares of the stock were exchanged, compared to its average volume of 1,047,437. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average price of $60.36 and a two-hundred day moving average price of $58.09. The firm has a market capitalization of $8.39 billion, a P/E ratio of 34.01 and a beta of 1.11. First Industrial Realty Trust has a 52-week low of $46.51 and a 52-week high of $64.66.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.2%. First Industrial Realty Trust’s payout ratio is presently 107.53%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FR shares. Citigroup increased their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. iA Financial set a $67.00 price objective on shares of First Industrial Realty Trust in a report on Monday, January 5th. Weiss Ratings raised shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Robert W. Baird set a $65.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, February 17th. Finally, Barclays reissued a “positive” rating and issued a $64.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FR. Goldman Sachs Group Inc. boosted its stake in First Industrial Realty Trust by 41.1% during the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after buying an additional 244,562 shares during the period. First Trust Advisors LP boosted its stake in First Industrial Realty Trust by 141.1% during the second quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after buying an additional 50,839 shares during the period. Baird Financial Group Inc. boosted its stake in First Industrial Realty Trust by 4.4% during the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 2,356 shares during the period. Cresset Asset Management LLC purchased a new position in First Industrial Realty Trust during the second quarter worth $275,000. Finally, Cerity Partners LLC boosted its stake in First Industrial Realty Trust by 463.4% during the second quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after buying an additional 51,828 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Company Profile

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.