First Industrial Realty Trust (NYSE:FR) Releases Earnings Results, Beats Expectations By $0.01 EPS

by · The Markets Daily

First Industrial Realty Trust (NYSE:FR – Get Free Report) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01, Zacks reports. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The company had revenue of $188.41 million during the quarter, compared to analyst estimates of $186.20 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. First Industrial Realty Trust updated its FY 2026 guidance to 3.090-3.190 EPS.

First Industrial Realty Trust Stock Up 0.3%

Shares of FR traded up $0.17 during mid-day trading on Wednesday, hitting $58.46. 1,679,019 shares of the company traded hands, compared to its average volume of 1,035,783. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $7.74 billion, a PE ratio of 32.66 and a beta of 1.14. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $60.20. The business has a 50 day moving average of $58.05 and a 200 day moving average of $54.38.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Scotiabank boosted their price target on First Industrial Realty Trust from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company raised their price objective on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. JPMorgan Chase & Co. boosted their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Barclays reiterated a “positive” rating and issued a $64.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $58.00 price target on shares of First Industrial Realty Trust in a research note on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.46.

Get Our Latest Stock Report on First Industrial Realty Trust

Insider Buying and Selling at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On First Industrial Realty Trust

Several hedge funds have recently made changes to their positions in the business. Rush Island Management LP bought a new position in First Industrial Realty Trust in the 2nd quarter worth $79,904,000. AQR Capital Management LLC raised its holdings in shares of First Industrial Realty Trust by 491.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after buying an additional 1,541,778 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of First Industrial Realty Trust by 436.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 856,308 shares of the real estate investment trust’s stock worth $44,074,000 after buying an additional 696,596 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in First Industrial Realty Trust by 42.9% in the third quarter. Alyeska Investment Group L.P. now owns 1,787,988 shares of the real estate investment trust’s stock valued at $92,028,000 after acquiring an additional 536,498 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of First Industrial Realty Trust by 206.7% in the 3rd quarter. UBS Group AG now owns 679,794 shares of the real estate investment trust’s stock valued at $34,989,000 after acquiring an additional 458,114 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

About First Industrial Realty Trust

(Get Free Report)

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.

See Also