Equities research analysts forecast that First Industrial Realty Trust, Inc. (NYSE:FR) will post $98.42 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for First Industrial Realty Trust’s earnings. The lowest sales estimate is $97.28 million and the highest is $99.50 million. First Industrial Realty Trust posted sales of $93.56 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that First Industrial Realty Trust will report full year sales of $98.42 million for the current financial year, with estimates ranging from $390.34 million to $395.30 million. For the next fiscal year, analysts forecast that the company will post sales of $407.15 million per share, with estimates ranging from $398.89 million to $414.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover First Industrial Realty Trust.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.18. The firm had revenue of $97.60 million during the quarter, compared to analysts’ expectations of $97.62 million. First Industrial Realty Trust had a return on equity of 8.88% and a net margin of 29.91%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS.

Several equities analysts recently commented on the company. KeyCorp reissued a “hold” rating on shares of First Industrial Realty Trust in a report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 target price (up previously from $30.00) on shares of First Industrial Realty Trust in a report on Thursday, August 24th. Zacks Investment Research raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 target price on shares of First Industrial Realty Trust in a report on Friday, July 28th. Finally, BidaskClub raised First Industrial Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. First Industrial Realty Trust presently has a consensus rating of “Hold” and an average target price of $30.60.

In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 15,146 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $28.68, for a total value of $434,387.28. Following the completion of the transaction, the director now owns 949,531 shares in the company, valued at $27,232,549.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Schultz sold 12,132 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.43, for a total transaction of $369,176.76. Following the completion of the transaction, the executive vice president now owns 109,399 shares of the company’s stock, valued at approximately $3,329,011.57. The disclosure for this sale can be found here. Insiders sold 99,279 shares of company stock valued at $3,004,548 in the last 90 days. 1.83% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FR. IFP Advisors Inc boosted its stake in First Industrial Realty Trust by 5.2% in the second quarter. IFP Advisors Inc now owns 3,823 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 190 shares in the last quarter. First Mercantile Trust Co. boosted its stake in First Industrial Realty Trust by 1.8% in the second quarter. First Mercantile Trust Co. now owns 4,070 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 70 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in First Industrial Realty Trust by 77.8% in the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 2,724 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in 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 acquiring an additional 612 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 acquiring an additional 327 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

First Industrial Realty Trust (NYSE FR) traded up 0.65% during mid-day trading on Friday, hitting $31.04. The stock had a trading volume of 604,152 shares. First Industrial Realty Trust has a 52-week low of $24.85 and a 52-week high of $31.83. The stock has a market cap of $3.72 billion, a P/E ratio of 31.61 and a beta of 1.00. The firm has a 50-day moving average of $30.65 and a 200-day moving average of $28.86.

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

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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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