First Industrial Realty Trust Inc. (NYSE:FR)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a note issued to investors on Wednesday.

Separately, Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. First Industrial Realty Trust has a consensus rating of “Hold” and a consensus target price of $26.00.

Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

Shares of First Industrial Realty Trust (NYSE:FR) opened at 25.51 on Wednesday. First Industrial Realty Trust has a 1-year low of $18.89 and a 1-year high of $29.75. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 20.62 and a beta of 1.04. The stock’s 50 day moving average is $26.69 and its 200-day moving average is $26.93.

In related news, Director H Patrick Hackett, Jr. sold 9,050 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $25.76, for a total value of $233,128.00. Following the completion of the sale, the director now owns 75,442 shares of the company’s stock, valued at approximately $1,943,385.92. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.83% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in First Industrial Realty Trust by 1.7% in the second quarter. Vanguard Group Inc. now owns 17,776,992 shares of the real estate investment trust’s stock valued at $494,557,000 after buying an additional 289,541 shares during the period. BlackRock Fund Advisors raised its stake in First Industrial Realty Trust by 17.8% in the third quarter. BlackRock Fund Advisors now owns 6,929,980 shares of the real estate investment trust’s stock valued at $195,564,000 after buying an additional 1,046,837 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in First Industrial Realty Trust by 18.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,423,831 shares of the real estate investment trust’s stock valued at $150,891,000 after buying an additional 844,362 shares during the period. State Street Corp raised its stake in First Industrial Realty Trust by 6.5% in the second quarter. State Street Corp now owns 5,055,386 shares of the real estate investment trust’s stock valued at $140,635,000 after buying an additional 308,758 shares during the period. Finally, Northern Trust Corp raised its stake in First Industrial Realty Trust by 0.5% in the third quarter. Northern Trust Corp now owns 3,513,833 shares of the real estate investment trust’s stock valued at $99,160,000 after buying an additional 16,275 shares during the period. Hedge funds and other institutional investors own 99.50% of the company’s stock.

First Industrial Realty Trust Company Profile

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).

5 Day Chart for NYSE:FR

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