First Industrial Realty Trust, Inc. (NYSE:FR) to Issue $0.50 Quarterly Dividend

First Industrial Realty Trust, Inc. (NYSE:FR) declared a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, June 30th will be given a dividend of 0.50 per share by the real estate investment trust on Monday, July 20th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th.

First Industrial Realty Trust has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. First Industrial Realty Trust has a payout ratio of 117.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect First Industrial Realty Trust to earn $3.43 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 58.3%.

First Industrial Realty Trust Stock Down 0.2%

First Industrial Realty Trust stock traded down $0.10 during mid-day trading on Friday, hitting $61.92. The company’s stock had a trading volume of 92,653 shares, compared to its average volume of 1,036,821. First Industrial Realty Trust has a 52-week low of $47.36 and a 52-week high of $64.66. The company has a market cap of $8.21 billion, a PE ratio of 24.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.12. The firm’s 50 day moving average is $60.74 and its 200 day moving average is $58.52.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $188.41 million for the quarter, compared to analysts’ expectations of $186.20 million. First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, analysts anticipate that First Industrial Realty Trust will post 3.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $26,000. Parallel Advisors LLC boosted its position in First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 291 shares during the period. Mather Group LLC. acquired a new position in First Industrial Realty Trust during the third quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd raised its position in shares of First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 301 shares during the period. Finally, SJS Investment Consulting Inc. bought a new position in shares of First Industrial Realty Trust in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.