First Industrial Realty Trust (NYSE:FR): According to 6 Analysts, The short term target price has been estimated at $ 25.67.The target price could deviate by a maximum of $1.63 from the forecast price. In the near term, the target price could hit a high of $28 and a low of $ 23.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Jefferies downgrades its outlook on First Industrial Realty Trust (NYSE:FR). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Duncan Bruce W, director officer (President and CEO) of First Industrial Realty Trust Inc, had unloaded 26,333 shares at an average price of $22.17 in a transaction dated on March 7, 2016. The total value of the transaction was worth $583,803.
First Industrial Realty Trust (NYSE:FR) : On Monday heightened volatility was witnessed in First Industrial Realty Trust (NYSE:FR) which led to swings in the share price. The stock opened for trading at $26.33 and hit $26.62 on the upside , eventually ending the session at $26.42, with a gain of 0.46% or 0.12 points. The heightened volatility saw the trading volume jump to 1,325,167 shares. The 52-week high of the share price is $26.62 and the company has a market cap of $3,087 million. The 52-week low of the share price is at $18.54 .
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.