First Industrial Realty Trust, Inc. (NYSE:FR) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect First Industrial Realty Trust to post earnings of $0.17 per share for the quarter. First Industrial Realty Trust has set its FY17 guidance at $1.51-1.59 EPS.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.18. First Industrial Realty Trust had a net margin of 29.91% and a return on equity of 8.88%. The business had revenue of $97.60 million during the quarter, compared to analyst estimates of $97.62 million. During the same period last year, the business posted $0.36 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect First Industrial Realty Trust to post $1.54 EPS for the current fiscal year and $1.63 EPS for the next fiscal year.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) opened at 30.94 on Wednesday. First Industrial Realty Trust, Inc. has a one year low of $24.85 and a one year high of $31.83. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 31.51 and a beta of 1.00. The firm has a 50-day moving average of $30.92 and a 200 day moving average of $29.44.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.71%. First Industrial Realty Trust’s payout ratio is presently 85.71%.

Several equities research analysts have recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of First Industrial Realty Trust in a research report on Friday, September 29th. They issued a “buy” rating and a $34.00 price target for the company. Jefferies Group LLC reaffirmed a “neutral” rating on shares of First Industrial Realty Trust in a research report on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Friday, August 25th. Zacks Investment Research raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target on shares of First Industrial Realty Trust in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.00.

In related news, Director Bruce W. Duncan sold 16,855 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $519,976.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Harker sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the sale, the executive vice president now directly owns 118,470 shares of the company’s stock, valued at approximately $3,607,411.50. The disclosure for this sale can be found here. Insiders have sold 100,988 shares of company stock valued at $3,090,138 in the last three months. 1.71% of the stock is currently owned by corporate insiders.

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About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

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

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