Brokerages expect that First Industrial Realty Trust, Inc. (NYSE:FR) will announce earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided 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 reported 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 firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that First Industrial Realty Trust will report full-year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.53 to $1.56. For the next year, analysts anticipate that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.59 to $1.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow First Industrial Realty Trust.

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

A number of research analysts have weighed in on the company. BidaskClub upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $31.50 target price on shares of First Industrial Realty Trust in a report on Friday, July 14th. Zacks Investment Research downgraded First Industrial Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $30.00 target price (up previously from $29.00) on shares of First Industrial Realty Trust in a report on Sunday, June 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.90.

In related news, Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $28.68, for a total value of $434,387.28. Following the sale, the director now owns 949,531 shares in the company, valued at approximately $27,232,549.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Johannson L. Yap sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $28.18, for a total value of $507,240.00. Following the completion of the sale, the insider now owns 296,002 shares in the company, valued at approximately $8,341,336.36. The disclosure for this sale can be found here. Insiders sold a total of 50,303 shares of company stock worth $1,417,048 in the last 90 days. 1.83% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Glen Harbor Capital Management LLC increased its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,356 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 396 shares in the last quarter. Elkfork Partners LLC increased its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Elkfork Partners LLC now owns 5,544 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 504 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of First Industrial Realty Trust by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 6,732 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 612 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Industrial Realty Trust by 4.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 327 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of First Industrial Realty Trust during the first quarter valued at approximately $201,000. Institutional investors own 91.19% of the company’s stock.

First Industrial Realty Trust (FR) traded up 0.77% on Wednesday, hitting $30.08. The company had a trading volume of 815,997 shares. First Industrial Realty Trust has a one year low of $24.85 and a one year high of $30.26. The stock has a market capitalization of $3.53 billion, a PE ratio of 27.50 and a beta of 0.99. The stock has a 50 day moving average of $29.17 and a 200-day moving average of $27.80.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 77.06%.

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About First Industrial Realty Trust

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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