FrontView REIT, Inc. (NYSE:FVR) Given Average Rating of “Reduce” by Brokerages

FrontView REIT, Inc. (NYSE:FVR) has been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.00.

FVR has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on FrontView REIT from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a report on Monday. Morgan Stanley increased their target price on shares of FrontView REIT from $13.50 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Research lowered shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Wells Fargo & Company upped their price objective on shares of FrontView REIT from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th.

Hedge Funds Weigh In On FrontView REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FVR. Vanguard Group Inc. grew its holdings in FrontView REIT by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock valued at $14,259,000 after buying an additional 133,067 shares in the last quarter. Millennium Management LLC boosted its position in shares of FrontView REIT by 12.9% during the 1st quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock valued at $10,769,000 after acquiring an additional 96,011 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of FrontView REIT by 19.8% in the third quarter. Citadel Advisors LLC now owns 548,790 shares of the company’s stock valued at $7,524,000 after purchasing an additional 90,715 shares during the period. Geode Capital Management LLC increased its position in FrontView REIT by 23.1% during the second quarter. Geode Capital Management LLC now owns 408,633 shares of the company’s stock worth $4,904,000 after purchasing an additional 76,619 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in FrontView REIT during the third quarter worth about $2,722,000.

FrontView REIT Trading Down 4.0%

Shares of FrontView REIT stock opened at $14.62 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.61. FrontView REIT has a twelve month low of $10.61 and a twelve month high of $18.40. The firm has a market capitalization of $316.52 million, a PE ratio of -17.83 and a beta of 1.33. The firm’s 50-day moving average price is $14.58 and its 200 day moving average price is $13.47.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.11). The firm had revenue of $16.89 million for the quarter, compared to analysts’ expectations of $17.34 million. FrontView REIT had a negative return on equity of 4.25% and a negative net margin of 32.21%.FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. On average, sell-side analysts predict that FrontView REIT will post 1.22 EPS for the current fiscal year.

FrontView REIT announced that its board has approved a stock repurchase plan on Monday, November 24th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 23.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

FrontView REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.215 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.9%. FrontView REIT’s dividend payout ratio is -104.88%.

About FrontView REIT

FrontView REIT specializes in real estate investing.