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J.P. Morgan Sticks to Its Buy Rating for First Industrial Realty (FR)

Tipranks - Thu Apr 30, 7:24AM CDT

In a report released yesterday, Michael Mueller from J.P. Morgan maintained a Buy rating on First Industrial Realty, with a price target of $70.00. The company’s shares closed yesterday at $62.48.

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Mueller covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Ventas, and Acadia Realty. According to TipRanks, Mueller has an average return of -0.8% and a 48.62% success rate on recommended stocks.

First Industrial Realty has an analyst consensus of Moderate Buy, with a price target consensus of $66.20, a 5.95% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $68.00 price target.

Based on First Industrial Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $194.83 million and a net profit of $143.1 million. In comparison, last year the company earned a revenue of $177.25 million and had a net profit of $48.07 million

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