First Industrial Realty Trust Inc. (FR) Sees Strong Trading Volume
First Industrial Realty Trust Inc. (NYSE:FR) saw strong trading volume on Friday . 725,968 shares were traded during trading, an increase of 8% from the previous session’s volume of 672,130 shares.The stock last traded at $28.22 and had previously closed at $28.58.
FR has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on First Industrial Realty Trust from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. Bank of America Corp. raised First Industrial Realty Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Zacks Investment Research cut First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Jefferies Group cut First Industrial Realty Trust from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research note on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.00.
The firm has a market cap of $3.30 billion and a PE ratio of 25.92. The firm has a 50 day moving average price of $28.68 and a 200 day moving average price of $24.85.
First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. During the same period last year, the company earned $0.35 EPS. The business earned $93.01 million during the quarter, compared to the consensus estimate of $94.29 million. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that First Industrial Realty Trust Inc. will post $1.45 earnings per share for the current year.
An institutional investor recently raised its position in First Industrial Realty Trust stock. Ameriprise Financial Inc. raised its position in First Industrial Realty Trust Inc. (NYSE:FR) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,736,801 shares of the real estate investment trust’s stock after buying an additional 21,719 shares during the period. Ameriprise Financial Inc. owned approximately 2.47% of First Industrial Realty Trust worth $60,566,000 as of its most recent SEC filing.
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).
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