Rep. Lisa C. McClain Purchases Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Key Points

• Representative Lisa C. McClain purchased shares of First Industrial Realty Trust, Inc. (NYSE:FR) for between $1,001 and $15,000 on June 17th, according to a filing disclosed on August 13th.
• First Industrial Realty Trust recently announced a quarterly dividend of $0.445, scheduled to be paid on October 20th, reflecting a 3.6% yield and an annualized amount of $1.78.
• Despite the recent purchase by Rep. McClain, First Industrial Realty Trust's stock is currently trading down 1.1% with a market capitalization of $6.62 billion.

Representative Lisa C. McClain (R-Michigan) recently bought shares of First Industrial Realty Trust, Inc. NYSE: FR. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Industrial Realty Trust stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

First Industrial Realty Trust Trading Down 1.1%

FR opened at $50.0150 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.62 billion, a PE ratio of 24.40 and a beta of 1.04. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The firm has a 50-day moving average price of $49.12 and a two-hundred day moving average price of $50.66.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 86.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. boosted its stake in First Industrial Realty Trust by 228.0% during the 2nd quarter. Nomura Holdings Inc. now owns 22,550 shares of the real estate investment trust's stock worth $1,085,000 after acquiring an additional 15,674 shares during the last quarter. Kestra Investment Management LLC boosted its stake in First Industrial Realty Trust by 13.6% during the 2nd quarter. Kestra Investment Management LLC now owns 12,879 shares of the real estate investment trust's stock worth $620,000 after acquiring an additional 1,538 shares during the last quarter. FORA Capital LLC bought a new position in First Industrial Realty Trust during the 2nd quarter worth approximately $204,000. Headlands Technologies LLC boosted its stake in First Industrial Realty Trust by 64.2% during the 2nd quarter. Headlands Technologies LLC now owns 2,507 shares of the real estate investment trust's stock worth $121,000 after acquiring an additional 980 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in First Industrial Realty Trust by 4.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 297,952 shares of the real estate investment trust's stock worth $14,343,000 after acquiring an additional 13,347 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FR. Robert W. Baird lowered their price objective on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. JPMorgan Chase & Co. lowered their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Scotiabank raised their target price on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and an average target price of $55.10.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.