Tributary Capital Management LLC Has $480,000 Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Tributary Capital Management LLC decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 9,585 shares of the real estate investment trust’s stock after selling 375 shares during the period. Tributary Capital Management LLC’s holdings in First Industrial Realty Trust were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FR. V Square Quantitative Management LLC purchased a new stake in First Industrial Realty Trust in the 3rd quarter worth approximately $28,000. UMB Bank n.a. lifted its position in First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 466 shares in the last quarter. Blue Trust Inc. lifted its position in First Industrial Realty Trust by 201.9% in the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 636 shares in the last quarter. Farther Finance Advisors LLC lifted its position in First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 417 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in First Industrial Realty Trust by 92.5% in the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 481 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $53.32 on Friday. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The firm’s fifty day simple moving average is $51.55 and its 200 day simple moving average is $53.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.06 billion, a PE ratio of 22.88 and a beta of 1.08.

First Industrial Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on FR. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Barclays cut their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.38.

First Industrial Realty Trust 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.