First Industrial Realty Trust (NYSE:FR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 7 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. 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): 6 Analyst have given the stock of First Industrial Realty Trust (NYSE:FR) a near short term price target of $26.5. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.35. The higher price target estimate is at $30 while the lower price estimates are fixed at $23.
First Industrial Realty Trust (NYSE:FR) rose 0.26% or 0.07 points on Tuesday and made its way into the gainers of the day. After trading began at $26.86 the stock was seen hitting $27.01 as a peak level and $26.77 as the lowest level. The stock ended up at $26.88. The daily volume was measured at 929,097 shares. The 52-week high of the share price is $27.14 and the 52-week low is $18.54. The company has a market cap of $3,141 million.
Shares of First Industrial Realty Trust Inc. rose by 2.28% in the last five trading days and 9.8% for the last 4 weeks. First Industrial Realty Trust Inc. is up 23.09% in the last 3-month period. Year-to-Date the stock performance stands at 22.48%.
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.