FrontView REIT (NYSE:FVR) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of FrontView REIT (NYSE:FVR) from an overweight rating to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have $12.00 price objective on the stock, down from their prior price objective of $14.00.

Several other analysts have also weighed in on the company. Wells Fargo & Company lowered their price objective on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Bank of America lowered FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.80.

FrontView REIT Stock Up 0.7%

Shares of NYSE FVR opened at $11.59 on Tuesday. FrontView REIT has a 1 year low of $10.61 and a 1 year high of $19.76. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $11.82 and its 200-day simple moving average is $14.86.

FrontView REIT (NYSE:FVR) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $15.45 million. As a group, analysts forecast that FrontView REIT will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.42%. The ex-dividend date is Monday, June 30th.

Insider Buying and Selling

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of $13.34 per share, with a total value of $49,571.44. Following the acquisition, the chief executive officer now directly owns 3,716 shares of the company’s stock, valued at $49,571.44. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On FrontView REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. bought a new position in FrontView REIT in the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC bought a new position in FrontView REIT in the 4th quarter worth approximately $34,000. FNY Investment Advisers LLC bought a new position in FrontView REIT in the 1st quarter worth approximately $25,000. Strs Ohio bought a new position in FrontView REIT in the 1st quarter worth approximately $35,000. Finally, New York State Common Retirement Fund acquired a new stake in FrontView REIT in the first quarter worth approximately $38,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.