First Industrial Realty Trust (NYSE:FR) Announces Quarterly Earnings Results

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

First Industrial Realty Trust Stock Up 1.9 %

Shares of First Industrial Realty Trust stock traded up $1.04 during trading hours on Thursday, hitting $54.84. 2,141,321 shares of the company’s stock traded hands, compared to its average volume of 950,330. The stock has a 50 day simple moving average of $51.56 and a 200-day simple moving average of $53.49. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.26 billion, a PE ratio of 23.49 and a beta of 1.09. First Industrial Realty Trust has a twelve month low of $45.10 and a twelve month high of $57.35.

Analyst Upgrades and Downgrades

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