First Industrial Realty Trust (FR) Gets a Buy Rating from SunTrust Robinson


In a report issued on February 15, Ki Bin Kim from SunTrust Robinson reiterated a Buy rating on First Industrial Realty Trust (FR), with a price target of $36. The company’s shares opened today at $34.12, close to its 52-week high of $34.33.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 9.7% and a 74.7% success rate. Kim covers the Financial sector, focusing on stocks such as Washington Prime Group Inc, Liberty Property Trust, and Americold Realty Trust.

Currently, the analyst consensus on First Industrial Realty Trust is a Moderate Buy with an average price target of $34.75, a 1.8% upside from current levels. In a report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $38 price target.

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First Industrial Realty Trust’s market cap is currently $4.32B and has a P/E ratio of 26.20. The company has a Price to Book ratio of 2.65.

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First Industrial Realty Trust, Inc. operates as a real estate investment trust. It engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate. Its portfolio includes warehouse and light industrial properties.

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