In a report issued on October 29, Jonathan Petersen from Jefferies reiterated a Hold rating on First Industrial Realty Trust (NYSE: FR), with a price target of $34. The company’s shares closed yesterday at $31.31.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.5% and a 70.3% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Highwoods Properties, and Boston Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Industrial Realty Trust with a $34.50 average price target.
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First Industrial Realty Trust’s market cap is currently $3.95B and has a P/E ratio of 18.31. The company has a Price to Book ratio of 2.43.
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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.
