SunTrust Robinson analyst Ki Bin Kim reiterated a Buy rating on First Industrial Realty Trust (NYSE: FR) yesterday and set a price target of $35. The company’s shares closed yesterday at $32.69.
According to TipRanks.com, Kim is a 3-star analyst with an average return of 6.9% and a 68.4% success rate. Kim covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, National Storage Affiliates Trust, and General Growth Properties Inc.
Currently, the analyst consensus on First Industrial Realty Trust is a Moderate Buy with an average price target of $34.30, a 4.9% upside from current levels. In a report issued on July 27, Stifel Nicolaus also reiterated a Buy rating on the stock with a $35 price target.
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First Industrial Realty Trust’s market cap is currently $4.12B and has a P/E ratio of 17.86. The company has a Price to Book ratio of 2.55.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
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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.
