FY2024 Earnings Estimate for First Industrial Realty Trust, Inc. (NYSE:FR) Issued By Wedbush

First Industrial Realty Trust, Inc. (NYSE:FR) – Research analysts at Wedbush lowered their FY2024 earnings per share estimates for shares of First Industrial Realty Trust in a research note issued to investors on Thursday, April 25th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $2.58 per share for the year, down from their previous estimate of $2.63. Wedbush has a “Neutral” rating and a $49.00 price target on the stock. The consensus estimate for First Industrial Realty Trust’s current full-year earnings is $2.61 per share. Wedbush also issued estimates for First Industrial Realty Trust’s FY2025 earnings at $2.84 EPS.

FR has been the topic of several other research reports. Mizuho reiterated a “buy” rating and issued a $58.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, April 2nd. Barclays restated an “equal weight” rating and issued a $53.00 target price (down previously from $63.00) on shares of First Industrial Realty Trust in a research note on Wednesday, March 27th. Truist Financial lifted their price target on First Industrial Realty Trust from $57.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. TheStreet upgraded First Industrial Realty Trust from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, The Goldman Sachs Group lifted their target price on shares of First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.11.

First Industrial Realty Trust Price Performance

Shares of FR opened at $46.00 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.06. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 21.20 and a beta of 1.01. The business’s 50-day moving average is $51.55 and its 200-day moving average is $49.86. First Industrial Realty Trust has a fifty-two week low of $40.44 and a fifty-two week high of $55.22.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.37 dividend. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Wednesday, March 27th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 68.20%.

Institutional Trading of First Industrial Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. increased its holdings in shares of First Industrial Realty Trust by 781.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 529 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 469 shares during the period. Mather Group LLC. bought a new position in First Industrial Realty Trust during the first quarter valued at about $50,000. EdgeRock Capital LLC acquired a new position in First Industrial Realty Trust in the 4th quarter valued at approximately $56,000. C M Bidwell & Associates Ltd. lifted its position in shares of First Industrial Realty Trust by 119.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,405 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 765 shares during the period. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of First Industrial Realty Trust during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.