Brokerages expect First Industrial Realty Trust, Inc. (NYSE:FR) to post $99.84 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for First Industrial Realty Trust’s earnings. The highest sales estimate is $101.49 million and the lowest is $98.11 million. First Industrial Realty Trust reported sales of $97.98 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that First Industrial Realty Trust will report full-year sales of $99.84 million for the current financial year, with estimates ranging from $389.60 million to $395.76 million. For the next fiscal year, analysts expect that the business will post sales of $405.06 million per share, with estimates ranging from $400.60 million to $409.82 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover First Industrial Realty Trust.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.25. First Industrial Realty Trust had a return on equity of 12.90% and a net margin of 44.97%. The company had revenue of $99.30 million for the quarter, compared to analysts’ expectations of $98.38 million. During the same period last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis.

Several equities analysts have recently issued reports on the company. ValuEngine cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co cut First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 price target on the stock. in a research report on Friday, December 15th. Jefferies Group reiterated a “neutral” rating on shares of First Industrial Realty Trust in a research report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Finally, Janney Montgomery Scott assumed coverage on First Industrial Realty Trust in a research report on Friday, September 29th. They set a “buy” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. First Industrial Realty Trust has an average rating of “Hold” and a consensus target price of $31.86.

First Industrial Realty Trust (NYSE FR) opened at $30.86 on Thursday. First Industrial Realty Trust has a 1 year low of $25.31 and a 1 year high of $32.91. The stock has a market capitalization of $3,874.65, a price-to-earnings ratio of 20.99 and a beta of 1.02. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued 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 of this dividend is Thursday, December 28th. First Industrial Realty Trust’s payout ratio is 78.50%.

In related news, Director Bruce W. Duncan sold 16,854 shares of First Industrial Realty Trust stock in a transaction on Friday, December 8th. The stock was sold at an average price of $32.42, for a total value of $546,406.68. Following the transaction, the director now directly owns 866,966 shares in the company, valued at approximately $28,107,037.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce W. Duncan sold 16,855 shares of First Industrial Realty Trust stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $30.85, for a total value of $519,976.75. The disclosure for this sale can be found here. Insiders sold a total of 50,564 shares of company stock worth $1,601,193 over the last 90 days. Insiders own 1.71% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of First Industrial Realty Trust by 47.3% in the third quarter. Public Employees Retirement System of Ohio now owns 195,236 shares of the real estate investment trust’s stock worth $5,875,000 after buying an additional 62,705 shares during the period. California Public Employees Retirement System boosted its position in shares of First Industrial Realty Trust by 7.3% in the third quarter. California Public Employees Retirement System now owns 215,171 shares of the real estate investment trust’s stock worth $6,474,000 after buying an additional 14,727 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of First Industrial Realty Trust by 119.4% in the third quarter. Cubist Systematic Strategies LLC now owns 93,077 shares of the real estate investment trust’s stock worth $2,801,000 after buying an additional 50,647 shares during the period. Magnetar Financial LLC acquired a new stake in shares of First Industrial Realty Trust in the third quarter worth $476,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of First Industrial Realty Trust by 1.1% in the third quarter. Asset Management One Co. Ltd. now owns 251,295 shares of the real estate investment trust’s stock worth $7,597,000 after buying an additional 2,711 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

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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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