First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) – Equities researchers at Wedbush issued their Q3 2023 earnings per share estimates for shares of First Industrial Realty Trust in a report released on Monday, October 2nd. Wedbush analyst R. Anderson forecasts that the real estate investment trust will earn $0.61 per share for the quarter. Wedbush has a “Outperform” rating and a $55.00 price objective on the stock. The consensus estimate for First Industrial Realty Trust’s current full-year earnings is $2.43 per share. Wedbush also issued estimates for First Industrial Realty Trust’s Q4 2023 earnings at $0.63 EPS, FY2023 earnings at $2.44 EPS and FY2024 earnings at $2.65 EPS.
FR has been the subject of a number of other research reports. BMO Capital Markets reiterated a “market perform” rating on shares of First Industrial Realty Trust in a research note on Thursday, September 14th. StockNews.com assumed coverage on First Industrial Realty Trust in a research report on Thursday. They set a “hold” rating on the stock. Finally, Citigroup started coverage on First Industrial Realty Trust in a report on Wednesday, July 19th. They set a “neutral” rating and a $57.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $58.38.
First Industrial Realty Trust Stock Performance
Shares of First Industrial Realty Trust stock opened at $46.62 on Thursday. First Industrial Realty Trust has a 12 month low of $42.91 and a 12 month high of $55.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.17 billion, a P/E ratio of 19.51 and a beta of 0.98. The stock’s fifty day moving average price is $50.54 and its 200-day moving average price is $51.71.
Institutional Trading of First Industrial Realty Trust
Several institutional investors and hedge funds have recently bought and sold shares of FR. Versor Investments LP lifted its stake in shares of First Industrial Realty Trust by 23.3% in the first quarter. Versor Investments LP now owns 12,700 shares of the real estate investment trust’s stock valued at $676,000 after buying an additional 2,400 shares during the period. Crumly & Associates Inc. bought a new position in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $275,000. Parallel Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 228.8% during the first quarter. Parallel Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 572 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of First Industrial Realty Trust by 21.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 647,649 shares of the real estate investment trust’s stock worth $31,256,000 after purchasing an additional 114,877 shares in the last quarter. Finally, Lake Street Financial LLC acquired a new position in shares of First Industrial Realty Trust in the 1st quarter worth approximately $703,000. Institutional investors and hedge funds own 98.36% of the company’s stock.
First Industrial Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, September 28th. First Industrial Realty Trust’s payout ratio is currently 53.56%.
About First Industrial Realty Trust
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.
Read More
- Five stocks we like better than First Industrial Realty Trust
- Profitably Trade Stocks at 52-Week Highs
- Huawei Has Entered The Chips Race, Markets Still Prefer These
- Technology Stocks Explained: Here’s What to Know About Tech
- Restaurant Stocks Go on Sale…Which Are Really on the Value Menu?
- Your Comprehensive Guide to Investing in Bank Stocks
- 5 Reasons to Buy and Hold Exxon Mobil For 2024
Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
