OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in FrontView REIT, Inc. (NYSE:FVR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 91,094 shares of the company’s stock, valued at approximately $1,843,000.
Several other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in FrontView REIT in the 2nd quarter valued at $90,166,000. Vanguard Group Inc. raised its position in FrontView REIT by 14.7% during the third quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock worth $14,259,000 after acquiring an additional 133,067 shares during the period. Millennium Management LLC lifted its holdings in FrontView REIT by 12.9% during the first quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock valued at $10,769,000 after purchasing an additional 96,011 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in FrontView REIT by 353.1% during the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock valued at $11,231,000 after purchasing an additional 592,940 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in FrontView REIT by 19.8% during 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 in the last quarter.
Analyst Ratings Changes
A number of research firms have recently commented on FVR. Raymond James Financial reissued a “strong-buy” rating and set a $23.00 target price on shares of FrontView REIT in a research note on Thursday, August 13th. Compass Point assumed coverage on FrontView REIT in a report on Monday, June 1st. They issued a “buy” rating and a $21.00 price objective on the stock. JonesTrading reiterated a “buy” rating and set a $21.00 price objective on shares of FrontView REIT in a research note on Thursday, August 6th. B. Riley Financial increased their target price on FrontView REIT from $20.50 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Citigroup restated a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.50.
FrontView REIT Trading Up 1.4%
Shares of FVR opened at $19.92 on Friday. FrontView REIT, Inc. has a 52-week low of $12.85 and a 52-week high of $22.29. The stock has a market cap of $487.24 million, a PE ratio of 664.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. The firm’s fifty day moving average is $20.36 and its two-hundred day moving average is $18.12. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62.
FrontView REIT (NYSE:FVR – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $18.31 million. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. Research analysts forecast that FrontView REIT, Inc. will post 1.21 earnings per share for the current fiscal year.
FrontView REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. FrontView REIT’s dividend payout ratio is currently 2,866.67%.
About FrontView REIT
FrontView REIT specializes in real estate investing.
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