Shares of First Industrial Realty Trust Inc. (NYSE:FR) traded at a new 52-week high today of $55.41. So far today approximately 186,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
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.
First Industrial Realty Trust Inc. (NYSE:FR) is currently priced 10.2% above its average consensus analyst price target of $49.73.
In the past 52 weeks, First Industrial Realty Trust Inc. share prices are bracketed by a low of $38.74 and a high of $55.41 and is now at $55.35, 43% above that low price.
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