First Industrial Realty Trust (FR) Receives a Buy from Mizuho Securities


Mizuho Securities analyst Haendel St. Juste reiterated a Buy rating on First Industrial Realty Trust (FR) yesterday and set a price target of $38. The company’s shares opened today at $34.12, close to its 52-week high of $34.33.

According to TipRanks.com, Juste is a 3-star analyst with an average return of 1.6% and a 54.2% success rate. Juste covers the Financial sector, focusing on stocks such as American Assets Trust, Camden Property Trust, and Spirit Realty Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Industrial Realty Trust with a $34.75 average price target, a 1.8% upside from current levels. In a report released yesterday, SunTrust Robinson also maintained a Buy rating on the stock with a $36 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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