Analysts Offer Insights on Real Estate Companies: First Industrial Realty (FR), Cubesmart (CUBE) and AvalonBay (AVB)

Analysts have been eager to weigh in on the Real Estate sector with new ratings on First Industrial Realty (FR – Research Report), Cubesmart (CUBE – Research Report) and AvalonBay (AVB – Research Report).

First Industrial Realty (FR)

Goldman Sachs analyst Caitlin Burrows maintained a Sell rating on First Industrial Realty on April 23 and set a price target of $46.00. The company’s shares closed last Thursday at $46.04.

According to TipRanks.com, Burrows is a 1-star analyst with an average return of -3.1% and a 42.6% success rate. Burrows covers the NA sector, focusing on stocks such as Phillips Edison & Company, Hudson Pacific Properties, and Broadstone Net Lease.

Currently, the analyst consensus on First Industrial Realty is a Moderate Buy with an average price target of $54.40.

See Insiders’ Hot Stocks on TipRanks >>

Cubesmart (CUBE)

In a report released today, Brendan Lynch from Barclays maintained a Hold rating on Cubesmart, with a price target of $48.00. The company’s shares closed last Thursday at $41.38.

According to TipRanks.com, Lynch ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.0% and a 39.8% success rate. Lynch covers the NA sector, focusing on stocks such as National Storage Affiliates, Rexford Industrial Realty, and Plymouth Industrial Reit.

Currently, the analyst consensus on Cubesmart is a Hold with an average price target of $46.88, which is a 12.7% upside from current levels. In a report released yesterday, Truist Financial also maintained a Hold rating on the stock with a $46.00 price target.

AvalonBay (AVB)

Barclays analyst Anthony Powell maintained a Buy rating on AvalonBay today and set a price target of $204.00. The company’s shares closed last Thursday at $191.32.

According to TipRanks.com, Powell is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.3% and a 40.9% success rate. Powell covers the NA sector, focusing on stocks such as First Industrial Realty, Apple Hospitality REIT, and Mid-America Apartment.

Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $196.50, a 3.3% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $200.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on FR:

• First Industrial Realty downgraded to Neutral from Outperform at Wedbush
• First Industrial Realty sees 2024 adjusted FFO $2.55-$2.65, consensus $2.61
• First Industrial Realty Trust Reports First Quarter 2024 Results
• First Industrial Realty reports Q1 adjusted FFO 57c, consensus 61c
• Is FR a Buy, Before Earnings?