FY2022 Earnings Estimate for First Industrial Realty Trust, Inc. Issued By KeyCorp (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) – Equities research analysts at KeyCorp lifted their FY2022 earnings per share estimates for First Industrial Realty Trust in a research note issued to investors on Wednesday, November 9th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $2.25 per share for the year, up from their previous estimate of $2.21. The consensus estimate for First Industrial Realty Trust’s current full-year earnings is $2.24 per share. KeyCorp also issued estimates for First Industrial Realty Trust’s Q1 2023 earnings at $0.58 EPS, Q3 2023 earnings at $0.61 EPS, Q4 2023 earnings at $0.62 EPS and FY2023 earnings at $2.40 EPS.

FR has been the topic of a number of other research reports. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $69.00 to $75.00 in a report on Friday, July 22nd. Barclays reduced their price objective on First Industrial Realty Trust from $71.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, October 13th. JPMorgan Chase & Co. lowered their price objective on First Industrial Realty Trust from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. Finally, StockNews.com started coverage on First Industrial Realty Trust in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.69.

First Industrial Realty Trust Stock Down 1.5 %

Shares of NYSE:FR opened at $49.78 on Friday. The firm has a market capitalization of $6.58 billion, a P/E ratio of 16.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $47.41 and a 200-day moving average price of $50.05. First Industrial Realty Trust has a 52-week low of $42.91 and a 52-week high of $66.74.

Institutional Investors Weigh In On First Industrial Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Better Money Decisions LLC bought a new stake in First Industrial Realty Trust during the 2nd quarter worth approximately $25,000. Neo Ivy Capital Management bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $28,000. Pinebridge Investments L.P. raised its position in shares of First Industrial Realty Trust by 592.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 692 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 592 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of First Industrial Realty Trust during the 1st quarter valued at $46,000. Finally, Wipfli Financial Advisors LLC bought a new position in First Industrial Realty Trust in the 3rd quarter worth $44,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.18 dividend on an annualized basis and a yield of 2.37%. First Industrial Realty Trust’s dividend payout ratio is currently 39.86%.

About First Industrial Realty Trust

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First Industrial Realty Trust, Inc operates as a real estate investment trust. It engages in the ownership, management, acquisition, sale, development and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties.

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

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