First Industrial Realty Trust, Inc. (NYSE:FR) will be releasing its earnings data after the market closes on Wednesday, October 25th. Analysts expect First Industrial Realty Trust to post earnings of $0.17 per share for the quarter. First Industrial Realty Trust has set its FY17 guidance at $1.51-1.59 EPS.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18. The firm had revenue of $97.60 million during the quarter, compared to analyst estimates of $97.62 million. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, analysts expect First Industrial Realty Trust to post $0.83 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.

Shares of First Industrial Realty Trust, Inc. (FR) opened at 30.83 on Monday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 31.40 and a beta of 1.00. First Industrial Realty Trust, Inc. has a 52 week low of $24.85 and a 52 week high of $31.83. The stock’s 50 day moving average is $30.97 and its 200-day moving average is $29.55.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, September 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 85.71%.

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In related news, EVP Peter Schultz sold 12,132 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.43, for a total transaction of $369,176.76. Following the completion of the sale, the executive vice president now directly owns 109,399 shares of the company’s stock, valued at approximately $3,329,011.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott A. Musil sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.22, for a total value of $604,400.00. Following the sale, the chief financial officer now directly owns 107,273 shares of the company’s stock, valued at $3,241,790.06. The disclosure for this sale can be found here. Insiders have sold a total of 100,988 shares of company stock valued at $3,090,138 over the last three months. Corporate insiders own 1.71% of the company’s stock.

A number of analysts have issued reports on FR shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 target price on shares of First Industrial Realty Trust in a research note on Friday, July 28th. BidaskClub raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Janney Montgomery Scott started coverage on First Industrial Realty Trust in a research note on Friday, September 29th. They issued a “buy” rating and a $34.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 target price (up from $29.00) on shares of First Industrial Realty Trust in a research note on Sunday, June 25th. Finally, KeyCorp reissued a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

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.

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

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