First Industrial Realty Trust (NYSE:FR) Releases FY 2022 Earnings Guidance

First Industrial Realty Trust (NYSE:FRGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $2.100-$2.200 for the period. The company issued revenue guidance of -.

FR has been the subject of a number of research reports. Mizuho cut shares of First Industrial Realty Trust from a buy rating to a neutral rating and upped their price target for the stock from $54.00 to $64.00 in a research report on Thursday, January 13th. Zacks Investment Research upgraded First Industrial Realty Trust from a hold rating to a buy rating and set a $69.00 target price for the company in a research note on Tuesday, January 11th. Finally, StockNews.com began coverage on First Industrial Realty Trust in a research report on Thursday, March 31st. They set a hold rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $53.73.

Shares of FR opened at $62.53 on Wednesday. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 33.44 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.73 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $60.33 and its two-hundred day moving average is $60.71. First Industrial Realty Trust has a 52-week low of $47.92 and a 52-week high of $66.74.

First Industrial Realty Trust (NYSE:FRGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. First Industrial Realty Trust had a net margin of 50.47% and a return on equity of 11.40%. The firm had revenue of $125.50 million for the quarter, compared to analysts’ expectations of $123.45 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that First Industrial Realty Trust will post 2.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Thursday, March 31st were given a dividend of $0.295 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, March 30th. This represents a $1.18 annualized dividend and a dividend yield of 1.89%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.10%.

Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of First Industrial Realty Trust by 32.2% in the 4th quarter. Deutsche Bank AG now owns 2,173,689 shares of the real estate investment trust’s stock valued at $143,899,000 after buying an additional 528,890 shares during the period. Allianz Asset Management GmbH lifted its holdings in First Industrial Realty Trust by 54.4% in the fourth quarter. Allianz Asset Management GmbH now owns 676,743 shares of the real estate investment trust’s stock worth $44,800,000 after acquiring an additional 238,564 shares during the last quarter. Morgan Stanley boosted its stake in First Industrial Realty Trust by 146.5% in the second quarter. Morgan Stanley now owns 358,812 shares of the real estate investment trust’s stock valued at $18,740,000 after acquiring an additional 213,252 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of First Industrial Realty Trust by 6.0% during the fourth quarter. Parametric Portfolio Associates LLC now owns 352,945 shares of the real estate investment trust’s stock valued at $23,365,000 after purchasing an additional 19,840 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of First Industrial Realty Trust by 14.4% during the fourth quarter. Sei Investments Co. now owns 204,143 shares of the real estate investment trust’s stock valued at $13,523,000 after purchasing an additional 25,667 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

First Industrial Realty Trust Company Profile (Get Rating)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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