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First Industrial Realty (FR) Gets a Buy from RBC Capital

Tipranks - Tipranks - Wed Feb 11, 5:38AM CST

In a report released yesterday, Michael Carroll from RBC Capital maintained a Buy rating on First Industrial Realty, with a price target of $66.00. The company’s shares closed yesterday at $59.62.

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Carroll covers the Real Estate sector, focusing on stocks such as Alexandria Equities, EPR Properties, and Lineage, Inc.. According to TipRanks, Carroll has an average return of 7.5% and a 61.48% success rate on recommended stocks.

In addition to RBC Capital, First Industrial Realty also received a Buy from Truist Financial’s Michael Lewis in a report issued on February 5. However, on February 6, Cantor Fitzgerald maintained a Hold rating on First Industrial Realty (NYSE: FR).

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Based on First Industrial Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $181.43 million and a net profit of $65.27 million. In comparison, last year the company earned a revenue of $168.16 million and had a net profit of $99.36 million

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