First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lessened its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,585 shares of the real estate investment trust’s stock after selling 375 shares during the quarter. Tributary Capital Management LLC’s holdings in First Industrial Realty Trust were worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FR. V Square Quantitative Management LLC acquired a new stake in First Industrial Realty Trust during the third quarter worth about $28,000. UMB Bank n.a. raised its stake in First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 466 shares during the period. Versant Capital Management Inc raised its stake in First Industrial Realty Trust by 92.5% during the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 481 shares during the period. Blue Trust Inc. raised its stake in First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 636 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 417 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Trading Up 0.5 %

First Industrial Realty Trust stock opened at $53.32 on Friday. The firm has a 50 day simple moving average of $51.55 and a 200-day simple moving average of $53.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $7.06 billion, a PE ratio of 22.88 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Tuesday, December 31st. First Industrial Realty Trust’s payout ratio is 63.52%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.