Wall Street analysts predict that First Industrial Realty Trust, Inc. (NYSE:FR) will post $102.65 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for First Industrial Realty Trust’s earnings, with estimates ranging from $100.39 million to $106.46 million. First Industrial Realty Trust reported sales of $102.13 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.5%. The business is scheduled to report its next earnings results on Wednesday, February 20th.

On average, analysts expect that First Industrial Realty Trust will report full year sales of $401.48 million for the current financial year, with estimates ranging from $399.26 million to $405.33 million. For the next fiscal year, analysts expect that the business will post sales of $419.75 million, with estimates ranging from $403.92 million to $432.21 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover First Industrial Realty Trust.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.06. The company had revenue of $100.26 million for the quarter, compared to analyst estimates of $99.74 million. First Industrial Realty Trust had a net margin of 52.47% and a return on equity of 13.40%.

Several equities analysts have commented on FR shares. ValuEngine lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. BMO Capital Markets restated an “average” rating and set a $8.50 target price on shares of First Industrial Realty Trust in a research report on Monday, December 17th. Zacks Investment Research lowered shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Raymond James lowered shares of First Industrial Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.92.

In related news, Director Bruce W. Duncan sold 90,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $32.24, for a total transaction of $2,901,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director H Patrick Hackett, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $31.38, for a total value of $470,700.00. Following the sale, the director now directly owns 37,577 shares of the company’s stock, valued at $1,179,166.26. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FR. State of Alaska Department of Revenue increased its position in shares of First Industrial Realty Trust by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 40,638 shares of the real estate investment trust’s stock valued at $1,172,000 after buying an additional 744 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of First Industrial Realty Trust by 0.6% in the fourth quarter. Retirement Systems of Alabama now owns 163,760 shares of the real estate investment trust’s stock valued at $4,726,000 after buying an additional 950 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of First Industrial Realty Trust by 2.9% in the third quarter. Neuberger Berman Group LLC now owns 17,721 shares of the real estate investment trust’s stock valued at $557,000 after buying an additional 493 shares in the last quarter. Vanguard Group Inc increased its position in shares of First Industrial Realty Trust by 1.2% in the third quarter. Vanguard Group Inc now owns 18,681,684 shares of the real estate investment trust’s stock valued at $586,605,000 after buying an additional 215,720 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of First Industrial Realty Trust by 1.2% in the third quarter. Vanguard Group Inc. now owns 18,681,684 shares of the real estate investment trust’s stock valued at $586,605,000 after buying an additional 215,720 shares in the last quarter. 91.40% of the stock is owned by institutional investors.

First Industrial Realty Trust stock traded up $0.19 during mid-day trading on Wednesday, hitting $30.32. The company had a trading volume of 504,573 shares, compared to its average volume of 740,112. The firm has a market capitalization of $3.73 billion, a P/E ratio of 19.31 and a beta of 0.73. First Industrial Realty Trust has a 1 year low of $27.30 and a 1 year high of $34.04. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.78.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Monday, December 31st will be given a dividend of $0.2175 per share. The ex-dividend date is Friday, December 28th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.87%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 55.41%.

First Industrial Realty Trust Company Profile

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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