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 released 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 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.

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 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.

WARNING: This news story was originally published by Financial Market News and is the propert of of Financial Market News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this news story can be accessed at http://www.financial-market-news.com/first-industrial-realty-trust-inc-fr-upgraded-to-hold-by-zacks-investment-research/1210409/.

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).

5 Day Chart for NYSE:FR

Get a free copy of the Zacks research report on First Industrial Realty Trust (FR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First Industrial Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.