First Industrial Realty Trust (NYSE:FR) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

First Industrial Realty Trust (NYSE:FR) announced its earnings results on Wednesday. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17), FiscalAI reports. The business had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. First Industrial Realty Trust’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. First Industrial Realty Trust updated its FY 2026 guidance to 3.090-3.190 EPS.

First Industrial Realty Trust Stock Performance

NYSE:FR traded up $1.44 during midday trading on Thursday, hitting $59.88. The company’s stock had a trading volume of 349,566 shares, compared to its average volume of 1,002,137. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $60.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $7.93 billion, a P/E ratio of 33.54 and a beta of 1.14. The firm’s 50 day moving average is $58.05 and its 200-day moving average is $54.38.

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 given a $0.50 dividend. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is currently 99.44%.

Insider Buying and Selling at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the sale, the executive owned 3,770 shares in the company, valued at $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by insiders.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of large investors have recently bought and sold shares of FR. Squarepoint Ops LLC increased its holdings in First Industrial Realty Trust by 53.2% in the 2nd quarter. Squarepoint Ops LLC now owns 66,020 shares of the real estate investment trust’s stock worth $3,178,000 after acquiring an additional 22,929 shares in the last quarter. FJ Capital Management LLC acquired a new stake in First Industrial Realty Trust in the 3rd quarter worth about $1,730,000. Van ECK Associates Corp increased its stake in First Industrial Realty Trust by 9.3% during the 3rd quarter. Van ECK Associates Corp now owns 57,394 shares of the real estate investment trust’s stock worth $2,954,000 after buying an additional 4,870 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of First Industrial Realty Trust by 2.2% during the second quarter. Peapack Gladstone Financial Corp now owns 57,210 shares of the real estate investment trust’s stock valued at $2,754,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of First Industrial Realty Trust by 4.4% in the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock valued at $2,685,000 after acquiring an additional 2,356 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

FR has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Wednesday, January 28th. Mizuho raised their price objective on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Scotiabank boosted their target price on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $62.46.

First Industrial Realty Trust Company Profile

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.