Stock Analysis:First Industrial Realty Trust (NYSE:FR) Stock Target Has Just Been Increased
In an analyst research report published by Robert W. Baird on Friday, 4 December, First Industrial Realty Trust (NYSE:FR) had its price target lifted to $25.00. The firm now has a solid “Outperform” rating on shares.
From a total of 5 analysts covering First Ind. Rlty (NYSE:FR) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 57% of the ratings are positive. First Ind. Rlty was the topic of 2 analyst reports since September 3, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on November 2 with “Buy” rating.
The stock increased 2.16% or $0.48 on December 4, striking $22.67. Approximately shares of stock traded hands. First Industrial Realty Trust, Inc. (NYSE:FR) has risen 12.73% since May 4, 2015 and is uptrending. It has outperformed by 13.81% the S&P500.
First Industrial Realty Trust, Inc. is a real estate investment trust . The company has a market cap of $2.51 billion. The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. It has 67.71 P/E ratio. The Trust owns approximately 634 in-service industrial properties containing approximately 62.4 million square feet of gross leasable area (GLA).
According to Zacks Investment Research, “FIRST INDUSTRIAL REALTY TRUST is a self-administered and fully integrated industrial real estate company which owns, mamages, acquires and develops industrial real estste.” Get a free copy of the Zacks research report on First Industrial Realty Trust, Inc. (FR).