First Industrial Realty Trust (NYSE:FR) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.55-1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.64.
First Industrial Realty Trust (NYSE:FR) traded down $0.27 during trading hours on Wednesday, reaching $28.17. 1,147,077 shares of the company traded hands, compared to its average volume of 923,842. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. First Industrial Realty Trust has a twelve month low of $25.56 and a twelve month high of $32.91. The firm has a market cap of $3,470.77, a P/E ratio of 26.33 and a beta of 0.90.
First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.15 by $0.26. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business had revenue of $102.31 million for the quarter, compared to the consensus estimate of $100.11 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. equities analysts predict that First Industrial Realty Trust will post 1.56 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on FR shares. JPMorgan Chase & Co. downgraded shares of First Industrial Realty Trust from a neutral rating to an underweight rating and set a $31.00 price target on the stock. in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of First Industrial Realty Trust from a hold rating to a sell rating in a research report on Tuesday. Robert W. Baird restated a hold rating and issued a $31.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, January 9th. Jefferies Group restated a hold rating and issued a $34.00 price target on shares of First Industrial Realty Trust in a research report on Friday, November 24th. Finally, SunTrust Banks restated a buy rating and issued a $34.00 price target on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $32.29.
In other news, Director Bruce W. Duncan sold 16,854 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $32.42, for a total value of $546,406.68. Following the transaction, the director now owns 866,966 shares in the company, valued at approximately $28,107,037.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.
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First Industrial Realty Trust Company Profile
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.
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