First Industrial Realty Trust (NYSE:FR) Posts Earnings Results, Misses Expectations By $0.22 EPS

First Industrial Realty Trust (NYSE:FR) released its earnings results on Wednesday. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.22), FiscalAI reports. The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. First Industrial Realty Trust updated its FY 2026 guidance to 3.120-3.200 EPS.

First Industrial Realty Trust Price Performance

FR opened at $67.76 on Thursday. The firm has a market capitalization of $8.98 billion, a P/E ratio of 26.26 and a beta of 1.05. The stock has a fifty day moving average of $63.24 and a 200-day moving average of $61.21. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. First Industrial Realty Trust has a 12-month low of $47.38 and a 12-month high of $69.88.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio is presently 77.52%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a report on Monday, April 27th. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays lifted their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Robert W. Baird upped their target price on First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $64.29.

Institutional Investors Weigh In On First Industrial Realty Trust

Several hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in First Industrial Realty Trust by 44.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 995 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Industrial Realty Trust by 113.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,438 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,295 shares during the period. Advisory Services Network LLC acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth approximately $97,000. Quarry LP grew 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. Finally, Harvest Fund Management Co. Ltd grew its position in First Industrial Realty Trust by 127.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,888 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 1,618 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

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.