First Industrial Realty Trust (NYSE:FR) : 7 analysts are covering First Industrial Realty Trust (NYSE:FR) and their average rating on the stock is 2, 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 (NYSE: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 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
First Industrial Realty Trust (NYSE:FR) : Currently there are 6 street experts covering First Industrial Realty Trust (NYSE:FR) stock. The most bullish and bearish price target for the stock is $30 and $23 respectively for the short term. The average price target of all the analysts comes to $26.5. The estimated standard deviation from the target is $2.35.
For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies downgrades its rating on First Industrial Realty Trust (NYSE:FR). Analysts at the Jefferies have a current rating of Hold 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): stock turned positive on Tuesday. Though the stock opened at $26.49, the bulls momentum made the stock top out at $26.85 level for the day. The stock recorded a low of $26.18 and closed the trading day at $26.85, in the green by 2.21%. The total traded volume for the day was 1,410,938. The stock had closed at $26.27 in the previous days trading.
In an insider trading activity, 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, 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.