Zacks Investment Research upgraded shares of First Industrial Realty Trust Inc. (NYSE:FR) from a sell rating to a hold rating in a research note published on Tuesday.

According to Zacks, “FIRST INDUSTRIAL REALTY TRUST is a self-administered and fully integrated industrial real estate company which owns, mamages, acquires and develops industrial real estste. “

Separately, Jefferies Group reaffirmed a hold rating on shares of First Industrial Realty Trust in a report on Thursday, August 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. First Industrial Realty Trust currently has an average rating of Buy and an average target price of $26.00.

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

Shares of First Industrial Realty Trust (NYSE:FR) opened at 26.84 on Tuesday. The firm has a market capitalization of $3.14 billion, a PE ratio of 21.70 and a beta of 1.04. The company has a 50-day moving average of $26.16 and a 200-day moving average of $27.16. First Industrial Realty Trust has a 52 week low of $18.89 and a 52 week high of $29.75.

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In related news, Director H Patrick Hackett, Jr. sold 9,050 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $25.76, for a total transaction of $233,128.00. Following the sale, the director now directly owns 75,442 shares in the company, valued at $1,943,385.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.83% of the company’s stock.

A number of large investors have recently modified their holdings of FR. D.A. Davidson & CO. boosted its stake in shares of First Industrial Realty Trust by 14.2% in the third quarter. D.A. Davidson & CO. now owns 10,662 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 1,324 shares during the period. Colony Group LLC acquired a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $1,949,000. Price T Rowe Associates Inc. MD boosted its stake in shares of First Industrial Realty Trust by 1,297.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 567,880 shares of the real estate investment trust’s stock valued at $16,026,000 after buying an additional 527,238 shares during the period. LPL Financial LLC boosted its stake in shares of First Industrial Realty Trust by 7.8% in the third quarter. LPL Financial LLC now owns 9,207 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 665 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $349,000. Hedge funds and other institutional investors own 97.22% 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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