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 Up 0.1%

Shares of FR stock traded up $0.04 on Tuesday, reaching $51.32. 183,991 shares of the company's stock were exchanged, compared to its average volume of 1,245,302. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. 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 $6.80 billion, a PE ratio of 25.03 and a beta of 1.04. The company's fifty day simple moving average is $49.21 and its 200 day simple moving average is $50.55.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 86.83%.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FR. Bessemer Group Inc. raised its position in First Industrial Realty Trust by 93.0% during the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in shares of First Industrial Realty Trust in the 1st quarter valued at $26,000. Elevation Point Wealth Partners LLC purchased a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at $40,000. Parallel Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 821 shares during the period. Finally, True Wealth Design LLC increased its holdings in shares of First Industrial Realty Trust by 988.7% in the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 1,137 shares during the period. 99.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FR has been the subject of a number of research analyst reports. Barclays decreased their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Truist Financial decreased their price target on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Robert W. Baird decreased their price target on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their target price on 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. Finally, Scotiabank lifted their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and a consensus price target 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.

About First Industrial Realty Trust

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.