Somewhat Favorable Media Coverage Somewhat Unlikely to Impact First Industrial Realty Trust (FR) Stock Price
Media coverage about First Industrial Realty Trust (NYSE:FR) has trended somewhat positive on Friday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Industrial Realty Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 44.8600697986126 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
First Industrial Realty Trust (NYSE FR) opened at $27.75 on Friday. The company has a market cap of $3,436.01, a PE ratio of 25.93 and a beta of 0.89. First Industrial Realty Trust has a fifty-two week low of $25.56 and a fifty-two week high of $32.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98.
Several analysts have recently issued reports on the stock. Robert W. Baird restated a “hold” rating and set a $31.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, January 9th. Stifel Nicolaus upped their target price on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Jefferies Group restated a “hold” rating and set a $34.00 target price on shares of First Industrial Realty Trust in a research report on Friday, November 24th. SunTrust Banks restated a “buy” rating and set a $34.00 target price on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. downgraded shares of First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 price target on the stock. in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. First Industrial Realty Trust has an average rating of “Hold” and a consensus target price of $32.29.
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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. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.
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