First Industrial Realty Trust (FR) Issues FY18 Earnings Guidance

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.

Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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