FrontView REIT (NYSE:FVR) Stock Price Target Lowered at Freedom Broker

FrontView REIT (NYSE:FVR) had its target price lowered by research analysts at Freedom Broker from $22.00 to $21.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Freedom Broker‘s price objective indicates a potential upside of 8.15% from the company’s current price.

Other equities analysts also recently issued reports about the stock. JonesTrading decreased their price target on shares of FrontView REIT from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of FrontView REIT from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Wells Fargo & Company cut their price objective on shares of FrontView REIT from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $23.00 target price on shares of FrontView REIT in a research note on Thursday, August 13th. Finally, Huntington assumed coverage on FrontView REIT in a report on Wednesday, November 4th. They set a “strong-buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, FrontView REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.55.

FrontView REIT Price Performance

NYSE FVR traded up $0.35 during mid-day trading on Monday, hitting $19.42. The stock had a trading volume of 116,945 shares, compared to its average volume of 173,388. The firm’s 50 day moving average is $17.86 and its 200 day moving average is $18.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $474.89 million, a price-to-earnings ratio of -242.12, a PEG ratio of 1.65 and a beta of 1.02. FrontView REIT has a twelve month low of $12.96 and a twelve month high of $22.29.

FrontView REIT (NYSE:FVR) last announced its earnings results on Thursday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. FrontView REIT had a negative net margin of 0.04% and a negative return on equity of 0.01%. The company had revenue of $17.12 million for the quarter, compared to analysts’ expectations of $18.67 million. Equities research analysts forecast that FrontView REIT will post 1.20 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in shares of FrontView REIT in the second quarter valued at about $43,000. Avalon Trust Co purchased a new position in FrontView REIT during the second quarter worth about $48,000. State of Wyoming purchased a new position in FrontView REIT during the second quarter worth about $166,000. Kingsview Wealth Management LLC acquired a new position in FrontView REIT in the 2nd quarter valued at about $249,000. Finally, State of Alaska Department of Revenue boosted its holdings in FrontView REIT by 7.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,144 shares of the company’s stock valued at $234,000 after purchasing an additional 1,034 shares during the last quarter.

FrontView REIT Company Profile

FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.

Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.

FrontView REIT’s strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.