Shares of First Industrial Realty Trust Inc. (NYSE:FR) traded at a new 52-week high today of $57.42. This new high was reached on below average trading volume as 125,000 shares traded hands, while the average 30-day volume is approximately 883,000 shares.
In the past 52 weeks, First Industrial Realty Trust Inc. share prices are bracketed by a low of $39.24 and a high of $57.42 and is now at $57.40, 46% above that low price.
First Industrial Realty Trust Inc. (NYSE:FR) is currently priced 16.0% above its average consensus analyst price target of $48.20.
First Industrial Realty Trust is a real estate investment trust engaged in acquiring, owning, and managing industrial real estate throughout the U.S. First Industrial’s real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent the largest share of First Industrial’s holdings, bulk warehouses make up most of its portfolio’s square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial’s customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.
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