First Industrial Realty Trust (FR) : 6 analysts are covering First Industrial Realty Trust (FR) and their average rating on the stock is 1.83, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. First Industrial Realty Trust (FR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
First Industrial Realty Trust (FR) : The consensus price target for First Industrial Realty Trust (FR) is $29.6 for the short term with a standard deviation of $2.88. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $32, however, the pessimist price target for the company is $26.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Jefferies downgrades the rating on First Industrial Realty Trust (NYSE:FR). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 1, 2016.
First Industrial Realty Trust (NYSE:FR): The stock opened at $29.25 and touched an intraday high of $29.61 on Wednesday. During the day, the stock corrected to an intraday low of $29.1, however, the bulls stepped in and pushed the price higher to close in the green at $29.61 with a gain of 1.06% for the day. The total traded volume for the day was 474,715. The stock had closed at $29.3 in the previous trading session.
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.