Jefferies Reiterates a Hold Rating on First Industrial Realty Trust

By Jason Carr

In a report issued on November 14, Jonathan Petersen from Jefferies reiterated a Hold rating on First Industrial Realty Trust (NYSE: FR). The company’s shares closed yesterday at $25.51.

According to TipRanks.com, Petersen is a 3-star analyst with an average return of 1.4% and a 46.8% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and Office Properties Trust.

First Industrial Realty Trust has an analyst consensus of Hold.

First Industrial Realty Trust’s market cap is currently $2.98B and has a P/E ratio of 20.73. The company has a book value ratio of 2.4480.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Johannson Yap, the CIO of FR sold 35,000 shares for a total of $1,015,000.

First Industrial Realty Trust, Inc. is a real estate investment trust. It owns, manages, acquires, sells, develops and redevelops industrial real estate. The company was founded by Johannson L. Yap and Jay H. Shidler on August 10, 1993 and is headquartered in Chicago, IL.