Scotiabank raised the firm’s price target on First Industrial Realty to $55 from $50 and keeps a Sector Perform rating on the shares. Following Q2 results, the firm is relatively mixed on the Real Estate & REITs sector, the analyst tells investors. U.S REIT’s relative valuation is now in-line with the S&P 500 following recent volatility while Senior Housing Operating fundamentals reinforced the strong same story net operating income growth story.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FR:
- First Industrial Realty price target raised to $60 from $54 at Truist
- First Industrial Realty Trust Declares Common Stock Dividends
- First Industrial Realty price target raised to $60 from $57 at RBC Capital
- Stag Industrial upgraded to Outperform at Wedbush following peer REIT reports
- First Industrial Realty lowers 2024 FFO view to $2.57-$2.65 from $2.55-$2.65