First Industrial Realty Trust (NYSE:FR) Releases Earnings Results, Misses Expectations By $0.17 EPS

First Industrial Realty Trust (NYSE:FR) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17), FiscalAI reports. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.03%. The business had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. During the same quarter last year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. First Industrial Realty Trust updated its FY 2026 guidance to 3.090-3.190 EPS.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded down $0.25 during midday trading on Friday, reaching $59.50. 330,775 shares of the company’s stock were exchanged, compared to its average volume of 1,042,002. First Industrial Realty Trust has a 52 week low of $40.31 and a 52 week high of $60.79. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 31.99 and a beta of 1.14. The stock’s 50-day simple moving average is $58.09 and its 200 day simple moving average is $54.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be paid a $0.50 dividend. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 99.44%.

Insider Transactions at First Industrial Realty Trust

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after buying an additional 211 shares in the last quarter. Quarry LP raised its position in First Industrial Realty Trust by 16.2% during the third quarter. Quarry LP now owns 2,192 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 305 shares in the last quarter. Corient Private Wealth LLC lifted its stake in First Industrial Realty Trust by 1.3% during the second quarter. Corient Private Wealth LLC now owns 26,705 shares of the real estate investment trust’s stock worth $1,285,000 after purchasing an additional 339 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust during the third quarter worth $26,000. Finally, EP Wealth Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 7.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,114 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 698 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on FR. Truist Financial raised their price objective on shares of First Industrial Realty Trust from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Barclays reissued a “positive” rating and issued a $64.00 price target on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Wednesday, January 28th. Finally, UBS Group set a $62.00 target price on First Industrial Realty Trust in a research note on Thursday, December 4th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $62.92.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.