Zacks Investment Research upgraded First Industrial Realty Trust, Inc. (NYSE:FR) to Hold in a report released today.
- Updated: November 29, 2016
Zacks Investment Research has upgraded First Industrial Realty Trust, Inc. (NYSE:FR) to Hold in a report released on 11/29/2016.
Yesterday First Industrial Realty Trust, Inc. (NYSE:FR) traded 1.40% higher at $26.84. The company’s 50-day moving average is $26.16 and its 200-day moving average is $27.16. The last stock close price is down -1.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 643,227 shares of the stock were exchanged, down from an average trading volume of 831,639
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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 21.70 The company’s market cap is currently $0.
A total of 7 brokerages have issued a ratings update on First Industrial Realty Trust, Inc.. Three brokerages rating the company a strong buy, two brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $25.71.
General Company Details For 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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