First Industrial Realty Trust Inc. (FR) Sees Strong Trading Volume
First Industrial Realty Trust Inc. (NYSE:FR) shares 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.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 2nd. Jefferies Group reaffirmed a “hold” rating on shares of First Industrial Realty Trust in a research report on Thursday, August 18th. Bank of America Corp. raised shares of First Industrial Realty Trust from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Finally, Stifel Nicolaus lifted their price target on shares of First Industrial Realty Trust from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.00.
The stock has a market cap of $3.30 billion and a price-to-earnings ratio of 25.92. The company has a 50-day moving average price of $28.70 and a 200-day moving average price of $24.91.
First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. During the same period in the prior year, the company posted $0.35 earnings per share. The firm had revenue of $93.01 million for the quarter, compared to analysts’ expectations of $94.29 million. First Industrial Realty Trust’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that First Industrial Realty Trust Inc. will post $1.45 EPS for the current year.
A hedge fund recently raised its stake in First Industrial Realty Trust stock. Ameriprise Financial Inc. raised its position in shares of First Industrial Realty Trust Inc. (NYSE:FR) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.
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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