Wall Street analysts predict that First Industrial Realty Trust, Inc. (NYSE:FR) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for First Industrial Realty Trust’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. First Industrial Realty Trust posted earnings of $0.35 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, April 25th.

On average, analysts expect that First Industrial Realty Trust will report full-year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.56. For the next financial year, analysts forecast that the business will post earnings of $1.63 per share, with EPS estimates ranging from $1.61 to $1.66. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow First Industrial Realty Trust.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. The firm had revenue of $97.98 million for the quarter, compared to analyst estimates of $95.04 million. First Industrial Realty Trust had a return on equity of 11.92% and a net margin of 37.72%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share.

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A number of research analysts have recently commented on the company. Jefferies Group LLC increased their price objective on First Industrial Realty Trust from $27.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, March 2nd. Robert W. Baird downgraded First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $28.00 in a report on Wednesday, January 11th. Zacks Investment Research upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of First Industrial Realty Trust in a report on Wednesday, March 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.80.

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In other news, Director Bruce W. Duncan sold 17,156 shares of the stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $27.84, for a total value of $477,623.04. Following the transaction, the director now owns 995,316 shares in the company, valued at approximately $27,709,597.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FR. Municipal Employees Retirement System of Michigan increased its position in First Industrial Realty Trust by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 52,480 shares of the real estate investment trust’s stock worth $1,481,000 after buying an additional 770 shares in the last quarter. BlackRock Group LTD increased its position in First Industrial Realty Trust by 10.9% in the third quarter. BlackRock Group LTD now owns 1,110,321 shares of the real estate investment trust’s stock worth $31,334,000 after buying an additional 109,008 shares in the last quarter. LS Investment Advisors LLC increased its position in First Industrial Realty Trust by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,470 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 401 shares in the last quarter. Rhumbline Advisers increased its position in First Industrial Realty Trust by 4.8% in the third quarter. Rhumbline Advisers now owns 268,716 shares of the real estate investment trust’s stock worth $7,583,000 after buying an additional 12,400 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in First Industrial Realty Trust by 17.8% in the third quarter. BlackRock Fund Advisors now owns 6,929,980 shares of the real estate investment trust’s stock worth $195,564,000 after buying an additional 1,046,837 shares in the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.

First Industrial Realty Trust (NYSE:FR) opened at 27.93 on Thursday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 26.60 and a beta of 0.96. The stock’s 50 day moving average price is $26.89 and its 200 day moving average price is $26.79. First Industrial Realty Trust has a 52 week low of $22.26 and a 52 week high of $29.75.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.19. First Industrial Realty Trust’s dividend payout ratio is presently 61.79%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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