Wall Street brokerages expect First Industrial Realty Trust, Inc. (NYSE:FR) to announce $102.53 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for First Industrial Realty Trust’s earnings, with the lowest sales estimate coming in at $100.39 million and the highest estimate coming in at $106.46 million. First Industrial Realty Trust posted sales of $102.13 million during the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The firm is scheduled to announce its next earnings results on Wednesday, February 20th.
On average, analysts expect that First Industrial Realty Trust will report full year sales of $401.40 million for the current financial year, with estimates ranging from $399.26 million to $405.33 million. For the next year, analysts expect that the firm will report sales of $418.53 million, with estimates ranging from $403.92 million to $432.21 million. Zacks’ 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 posted its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. First Industrial Realty Trust had a net margin of 52.47% and a return on equity of 13.40%. The company had revenue of $100.26 million during the quarter, compared to the consensus estimate of $99.74 million.
NYSE FR opened at $30.70 on Thursday. First Industrial Realty Trust has a 52-week low of $27.61 and a 52-week high of $34.04. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.88 billion, a PE ratio of 19.86 and a beta of 0.70.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, September 27th. First Industrial Realty Trust’s dividend payout ratio is presently 55.41%.
In other First Industrial Realty Trust news, Director Bruce W. Duncan sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $32.52, for a total value of $975,600.00. Following the completion of the sale, the director now directly owns 612,564 shares of the company’s stock, valued at $19,920,581.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.59% of the company’s stock.
Several large investors have recently modified their holdings of FR. Assetmark Inc. bought a new position in shares of First Industrial Realty Trust during the second quarter valued at about $121,000. Qube Research & Technologies Ltd bought a new position in shares of First Industrial Realty Trust during the second quarter valued at about $164,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of First Industrial Realty Trust during the second quarter valued at about $201,000. Hartford Investment Management Co. bought a new position in shares of First Industrial Realty Trust during the second quarter valued at about $204,000. Finally, World Asset Management Inc bought a new position in shares of First Industrial Realty Trust during the second quarter valued at about $205,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
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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