First Industrial Realty Trust (FR) to Release Quarterly Earnings on Wednesday

First Industrial Realty Trust (NYSE:FRGet Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 17th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $47.90 on Wednesday. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 22.07 and a beta of 1.07. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average is $47.25 and its two-hundred day moving average is $50.31. First Industrial Realty Trust has a 12-month low of $40.44 and a 12-month high of $55.22.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.37 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.09%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 68.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays reiterated an “equal weight” rating and set a $53.00 price objective (down from $63.00) on shares of First Industrial Realty Trust in a report on Wednesday, March 27th. BNP Paribas started coverage on shares of First Industrial Realty Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $57.00 target price for the company. Wedbush downgraded shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $59.00 to $49.00 in a research report on Thursday, April 25th. Robert W. Baird lowered their price objective on shares of First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Scotiabank lowered their price objective on shares of First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.42.

Get Our Latest Analysis on FR

About First Industrial Realty Trust

(Get Free Report)

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.

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

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