Unveiling 4 Analyst Insights On First Industrial Realty
Portfolio Pulse from Benzinga Insights
First Industrial Realty (NYSE:FR) has received mixed analyst ratings over the past three months, with 3 bullish and 1 bearish. The average 12-month price target is now $50.5, down from $54.00, with a high estimate of $58.00 and a low of $41.00. Analysts from Mizuho and Truist Securities have raised and lowered their price targets respectively, while Goldman Sachs has downgraded the stock to 'Sell'. First Industrial Realty Trust, a REIT, has shown strong financial performance with a revenue growth rate of 10.99%, a net margin of 48.31%, an ROE of 2.98%, an ROA of 1.46%, and a conservative debt-to-equity ratio of 0.88.
January 10, 2024 | 6:00 pm
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NEUTRAL IMPACT
First Industrial Realty has a mixed outlook from analysts, with a lowered average price target of $50.5, indicating potential downside from previous expectations. The company's strong financial performance may provide some support to the stock price.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on FR's stock price. However, the company's strong financial performance, including revenue growth and high net margin, may counterbalance the negative sentiment and support the stock price, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100