First Industrial Realty Trust (FR) : 3 brokerage houses believe that First Industrial Realty Trust (FR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on First Industrial Realty Trust (FR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
First Industrial Realty Trust (FR) : The consensus price target for First Industrial Realty Trust (FR) is $26.5 for the short term with a standard deviation of $2.35. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $23.
First Industrial Realty Trust (NYSE:FR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.02 and $28.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.13, notching a gain of 0.04% for the day. The total traded volume was 1,582,576 . The stock had closed at $28.12 on the previous day.
Also, Jefferies downgrades its view on First Industrial Realty Trust (NYSE:FR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 1, 2016. The company shares have rallied 44.58% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $28.16 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $25.91 and the 200 Day Moving Average price is recorded at $22.86.
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.