First Industrial Realty Trust Inc. (FR) Upgraded to “Hold” by Zacks Investment Research
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 restated a hold rating on shares of First Industrial Realty Trust in a research note on Thursday, August 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $26.00.
Shares of First Industrial Realty Trust (NYSE:FR) opened at 26.84 on Tuesday. The firm has a 50-day moving average of $26.16 and a 200 day moving average of $27.16. The company has a market capitalization of $3.14 billion, a PE ratio of 21.70 and a beta of 1.04. First Industrial Realty Trust has a 12 month low of $18.89 and a 12 month high of $29.75.
In other news, Director H Patrick Hackett, Jr. sold 9,050 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $25.76, for a total transaction of $233,128.00. Following the sale, the director now owns 75,442 shares in the company, valued at $1,943,385.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.83% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. acquired a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $109,000. Daiwa Securities Group Inc. boosted its stake in shares of First Industrial Realty Trust by 10.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in First Industrial Realty Trust by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,424 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 435 shares in the last quarter. LS Investment Advisors LLC boosted its position in First Industrial Realty Trust by 85.8% in the second quarter. LS Investment Advisors LLC now owns 7,069 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 3,264 shares in the last quarter. Finally, World Asset Management Inc purchased a new position in First Industrial Realty Trust during the third quarter valued at about $214,000. Institutional investors own 97.22% of the company’s stock.
About First Industrial Realty Trust
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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