TD Waterhouse Canada Inc. Purchases New Stake in FrontView REIT, Inc. $FVR

TD Waterhouse Canada Inc. acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 37,500 shares of the company’s stock, valued at approximately $515,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Heritage Investment Group Inc. acquired a new stake in FrontView REIT in the third quarter valued at $203,000. Resona Asset Management Co. Ltd. raised its stake in shares of FrontView REIT by 26.5% in the third quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock worth $111,000 after purchasing an additional 1,708 shares during the last quarter. Strs Ohio increased its stake in FrontView REIT by 29.6% in the 3rd quarter. Strs Ohio now owns 3,500 shares of the company’s stock valued at $48,000 after buying an additional 800 shares during the last quarter. Samalin Investment Counsel LLC increased its holdings in FrontView REIT by 4.6% during the third quarter. Samalin Investment Counsel LLC now owns 59,431 shares of the company’s stock worth $815,000 after buying an additional 2,626 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in FrontView REIT by 9.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,693 shares of the company’s stock worth $243,000 after acquiring an additional 1,456 shares during the last quarter.

FrontView REIT Price Performance

Shares of FrontView REIT stock opened at $16.44 on Tuesday. The stock has a market capitalization of $355.99 million, a P/E ratio of -20.05 and a beta of 1.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50 day simple moving average is $15.55 and its two-hundred day simple moving average is $14.11. FrontView REIT, Inc. has a one year low of $10.61 and a one year high of $18.01.

FrontView REIT (NYSE:FVR) last issued 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). FrontView REIT had a negative net margin of 32.21% and a negative return on equity of 4.25%. The firm had revenue of $16.89 million for the quarter, compared to the consensus estimate of $17.34 million. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. Analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.2%. FrontView REIT’s dividend payout ratio (DPR) is currently -104.88%.

FrontView REIT declared that its board has authorized a stock buyback program on Monday, November 24th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 23.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FVR shares. JPMorgan Chase & Co. upped their price target on FrontView REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Morgan Stanley lifted their price objective on FrontView REIT from $13.50 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 31st. Wells Fargo & Company upped their target price on FrontView REIT from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Wall Street Zen raised shares of FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Zacks Research raised shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, FrontView REIT presently has a consensus rating of “Hold” and a consensus price target of $15.80.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.