Analysts forecast that First Industrial Realty Trust, Inc. (NYSE:FR) will report $0.39 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for First Industrial Realty Trust’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. First Industrial Realty Trust posted earnings per share of $0.36 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The business is expected to issue its next quarterly earnings report on Thursday, July 27th.

On average, analysts expect that First Industrial Realty Trust will report full year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.53 to $1.56. For the next year, analysts expect that the firm will post earnings of $1.63 per share, with EPS estimates ranging from $1.59 to $1.65. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for First Industrial Realty Trust.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. The company had revenue of $97.38 million during the quarter, compared to the consensus estimate of $97.31 million. First Industrial Realty Trust had a return on equity of 10.10% and a net margin of 33.58%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS.

FR has been the topic of several analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of First Industrial Realty Trust in a research note on Wednesday, March 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $29.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, April 24th. Zacks Investment Research lowered First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Stifel Nicolaus upped their price objective on First Industrial Realty Trust from $30.00 to $31.50 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, BidaskClub lowered First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.90.

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In other news, Director Bruce W. Duncan sold 17,156 shares of the business’s stock in a transaction that occurred on 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 directly owns 995,316 shares of the company’s stock, valued at approximately $27,709,597.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce W. Duncan sold 17,157 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $27.71, for a total value of $475,420.47. Following the completion of the transaction, the director now directly owns 978,159 shares in the company, valued at $27,104,785.89. The disclosure for this sale can be found here. Insiders sold a total of 52,313 shares of company stock worth $1,460,284 over the last three months. 1.83% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC increased its position in shares of First Industrial Realty Trust by 13.6% in the first quarter. Nuveen Asset Management LLC now owns 3,998,373 shares of the real estate investment trust’s stock valued at $106,477,000 after buying an additional 480,111 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of First Industrial Realty Trust by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 143,896 shares of the real estate investment trust’s stock valued at $3,832,000 after buying an additional 1,114 shares during the last quarter. Colony Group LLC increased its position in shares of First Industrial Realty Trust by 4.8% in the first quarter. Colony Group LLC now owns 75,465 shares of the real estate investment trust’s stock valued at $2,010,000 after buying an additional 3,450 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of First Industrial Realty Trust during the first quarter valued at approximately $201,000. Finally, Jane Street Group LLC acquired a new position in shares of First Industrial Realty Trust during the first quarter valued at approximately $230,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Industrial Realty Trust (NYSE:FR) traded up 0.60% during mid-day trading on Friday, hitting $28.62. The company had a trading volume of 722,029 shares. The firm has a market cap of $3.36 billion, a PE ratio of 26.16 and a beta of 1.00. The firm’s 50 day moving average is $29.00 and its 200-day moving average is $27.64. First Industrial Realty Trust has a 12-month low of $24.85 and a 12-month high of $30.17.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, June 28th. First Industrial Realty Trust’s payout ratio is currently 77.06%.

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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Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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