First Industrial Realty Trust (NYSE:FR) Issues Quarterly Earnings Results, Beats Estimates By $0.36 EPS

First Industrial Realty Trust (NYSE:FR) released its earnings results on Wednesday. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36, Zacks reports. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. First Industrial Realty Trust updated its FY 2025 guidance to 2.870-2.970 EPS.

First Industrial Realty Trust Stock Up 0.1 %

First Industrial Realty Trust stock traded up $0.04 during trading on Wednesday, reaching $53.79. 1,426,539 shares of the company’s stock were exchanged, compared to its average volume of 900,363. First Industrial Realty Trust has a 52-week low of $45.10 and a 52-week high of $57.35. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 23.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day moving average is $51.57 and its two-hundred day moving average is $53.48.

Analysts Set New Price Targets

Several research firms have commented on FR. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price for the company. Barclays lowered their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $57.38.

First Industrial Realty Trust Company Profile

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.