First Industrial Realty Trust (FR) has risen sharply, recording gains of 3.31% in the past 4 weeks. However, the stock has corrected -1.49% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.8% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
First Industrial Realty Trust (NYSE:FR): The stock opened at $29.02 on Friday but the bulls could not build on the opening and the stock topped out at $29.22 for the day. The stock traded down to $28.87 during the day, due to lack of any buying support eventually closed down at $29.03 with a loss of -0.38% for the day. The stock had closed at $29.14 on the previous day. The total traded volume was 515,838 shares.
The stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 6.89%. First Industrial Realty Trust Inc. is up 21.08% in the last 3-month period. Year-to-Date the stock performance stands at 33.23%.
First Industrial Realty Trust (FR) : The most positive equity analysts on First Industrial Realty Trust (FR) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $23 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $27 with an expected fluctuation of $2.97 from the mean.
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.