Yousif Capital Management LLC Purchases 4,494 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Yousif Capital Management LLC boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,101 shares of the real estate investment trust’s stock after buying an additional 4,494 shares during the quarter. Yousif Capital Management LLC’s holdings in First Industrial Realty Trust were worth $3,482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC lifted its position in First Industrial Realty Trust by 31.9% during the fourth quarter. CWM LLC now owns 1,613 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 390 shares in the last quarter. Covestor Ltd lifted its position in First Industrial Realty Trust by 14.0% during the third quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 241 shares in the last quarter. International Assets Investment Management LLC purchased a new position in First Industrial Realty Trust during the fourth quarter valued at $153,000. Trust Point Inc. purchased a new position in shares of First Industrial Realty Trust in the fourth quarter valued at about $204,000. Finally, DAVENPORT & Co LLC purchased a new position in shares of First Industrial Realty Trust in the fourth quarter valued at about $209,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $46.00 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $6.09 billion, a P/E ratio of 21.20 and a beta of 1.01. First Industrial Realty Trust, Inc. has a 12 month low of $40.44 and a 12 month high of $55.22. The business’s 50-day moving average is $51.55 and its 200 day moving average is $49.88.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.37 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, March 27th. First Industrial Realty Trust’s payout ratio is presently 68.20%.

Analysts Set New Price Targets

FR has been the topic of several research analyst reports. Mizuho restated a “buy” rating and issued a $58.00 price objective on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. TheStreet upgraded First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. lowered their price objective on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada boosted their price objective on First Industrial Realty Trust from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price objective on First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.11.

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.