FrontView REIT, Inc. (NYSE:FVR) Receives $15.70 Average PT from Analysts

FrontView REIT, Inc. (NYSE:FVR) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.70.

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FrontView REIT in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on FrontView REIT from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Wall Street Zen downgraded shares of FrontView REIT from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th.

Insider Transactions at FrontView REIT

In other news, Director Elizabeth F. Frank purchased 2,808 shares of the business’s stock in a transaction on Friday, August 15th. The shares were acquired at an average price of $12.44 per share, with a total value of $34,931.52. Following the completion of the transaction, the director owned 5,177 shares of the company’s stock, valued at $64,401.88. The trade was a 118.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FrontView REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new position in shares of FrontView REIT during the third quarter valued at about $2,722,000. Corient Private Wealth LLC increased its position in FrontView REIT by 628.9% in the 2nd quarter. Corient Private Wealth LLC now owns 166,942 shares of the company’s stock valued at $2,003,000 after buying an additional 144,040 shares in the last quarter. Bank of Montreal Can acquired a new position in FrontView REIT during the 2nd quarter worth approximately $1,662,000. Vanguard Group Inc. raised its stake in FrontView REIT by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock worth $14,259,000 after buying an additional 133,067 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in FrontView REIT in the second quarter worth approximately $1,361,000.

FrontView REIT Trading Up 0.4%

FVR opened at $13.07 on Thursday. The stock has a market capitalization of $267.49 million and a P/E ratio of -12.22. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $19.72. The firm’s fifty day simple moving average is $13.62 and its 200 day simple moving average is $12.63. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63.

FrontView REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, September 30th. FrontView REIT’s dividend payout ratio (DPR) is currently -80.37%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.