Stifel Nicolaus Keeps a Buy Rating on First Industrial Realty Trust

Stifel Nicolaus analyst John Guinee reiterated a Buy rating on First Industrial Realty Trust (NYSE: FR) today and set a price target of $35. The company’s shares opened today at $32.30.

According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.7% and a 62.8% success rate. Guinee covers the Financial sector, focusing on stocks such as Franklin Street Properties, Armada Hoffler Properties, and Liberty Property Trust.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Industrial Realty Trust with a $35 average price target.

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Based on First Industrial Realty Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $45.06 million. In comparison, last year the company had a net profit of $37.43 million.

Based on the recent corporate insider activity of 42 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.