First Industrial Realty Trust (FR) Shares are Up 2.97%

First Industrial Realty Trust (FR) : Traders are bullish on First Industrial Realty Trust (FR) as it has outperformed the S&P 500 by a wide margin of 0.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.97% in the last 1 week, and is up 0.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.21% and the 50-Day Moving Average is 2.45%.The 200 Day SMA reached 22.4%. First Industrial Realty Trust Inc. is up 17.09% in the last 3-month period. Year-to-Date the stock performance stands at 33.65%.


First Industrial Realty Trust (NYSE:FR): After opening at $28.67, the stock dipped to an intraday low of $28.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.34 and the buying power remained strong till the end. The stock closed at $29.12 for the day, a gain of 2.14% for the day session. The total traded volume was 640,932. The stocks close on the previous trading day was $28.51.

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. The Trust owns approximately 634 in-service industrial properties containing approximately 62.4 million square feet of gross leasable area (GLA). Its in-service portfolio consisted of approximately 285 light industrial properties, 90 R&D/flex properties, 160 bulk warehouse properties and 99 regional warehouse properties located in 25 states. Its in-service portfolio includes all properties other than developed, redeveloped and acquired properties that have not yet reached stabilized occupancy. The Trusts interests in its properties and land parcels are held through partnerships, corporations, and limited liability companies controlled, directly or indirectly, by the Trust, including the Operating Partnership, and through its REIT subsidiaries.

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