First Industrial Realty Trust (NYSE:FR) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect First Industrial Realty Trust to post earnings of $0.42 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $104.68 million. First Industrial Realty Trust had a return on equity of 9.05% and a net margin of 36.88%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts expect First Industrial Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE FR opened at $37.28 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average price is $36.87. The company has a market cap of $4.66 billion, a P/E ratio of 22.76, a P/E/G ratio of 3.38 and a beta of 0.73. First Industrial Realty Trust has a 1 year low of $27.30 and a 1 year high of $38.10.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, June 27th. First Industrial Realty Trust’s dividend payout ratio is currently 57.50%.
FR has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. First Industrial Realty Trust currently has a consensus rating of “Buy” and an average price target of $32.58.
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.
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