First Industrial Realty Trust (FR) has an average broker rating of 1.83, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
First Industrial Realty Trust (FR) : 5 investment research analysts covering First Industrial Realty Trust (FR) have an average price target of $29.6 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $26 for the short term. Analysts expect the variance to be within $2.88 of the average price.
Also, In a research note released to the investors, Jefferies downgrades its rating on First Industrial Realty Trust (NYSE:FR).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 1, 2016.
First Industrial Realty Trust (NYSE:FR): After opening at $27.19, the stock dipped to an intraday low of $26.94 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.35 and the buying power remained strong till the end. The stock closed at $27.32 for the day, a gain of 0.52% for the day session. The total traded volume was 607,736. The stocks close on the previous trading day was $27.18.
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.