Zacks Investment Research announced First Industrial Realty Trust, Inc. (NYSE:FR), hiking its price target to $30.00 earlier today
- Updated: October 4, 2016
Yesterday First Industrial Realty Trust, Inc. (NYSE:FR) traded -1.95% lower at $27.17. The company’s 50-day moving average is $28.36 and its 200-day moving average is $26.29. The last closing price is up 3.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 553,647 shares of the stock were exchanged, down from an average trading volume of 834,566
Reporting a potential upside of 0.10%, Zacks Investment Research upped the price target of First Industrial Realty Trust, Inc. (NYSE:FR) to $30.00
See Chart Below
First Industrial Realty Trust, Inc. has a 52 week low of $18.89 and a 52 week high of $29.75 with a P/E ratio of 24.90 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 brokers have issued a report on the stock. The consensus target price is $25.71 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About First Industrial Realty Trust, Inc. (NYSE:FR)
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 Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA). The Company's in-services portfolio consists of over 230 light industrial properties; approximately 80 research and development (R&D)/flex properties; approximately 170 bulk warehouse properties, and over 100 regional warehouse properties located in over 20 states. Its in-service portfolio includes all properties other than developed, redeveloped and acquired properties that have not yet reached stabilized occupancy. The Company's operations are conducted primarily through the First Industrial, L.P. (the Operating Partnership), of which the Company is the sole general partner.
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