Corient Private Wealth LP acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 620,069 shares of the company’s stock, valued at approximately $12,544,000. Corient Private Wealth LP owned 2.54% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FVR. BlackRock Inc. acquired a new position in shares of FrontView REIT during the second quarter valued at approximately $90,166,000. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 133,067 shares in the last quarter. Millennium Management LLC grew its holdings in shares of FrontView REIT by 12.9% during the first quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock worth $10,769,000 after buying an additional 96,011 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of FrontView REIT by 353.1% in the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock valued at $11,231,000 after buying an additional 592,940 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake 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 worth $7,524,000 after buying an additional 90,715 shares in the last quarter.
FrontView REIT Stock Down 1.0%
Shares of NYSE FVR opened at $19.50 on Friday. The stock has a market cap of $476.97 million, a P/E ratio of 650.00, a PEG ratio of 1.39 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. FrontView REIT, Inc. has a 12-month low of $12.85 and a 12-month high of $22.29. The business’s fifty day simple moving average is $20.39 and its 200-day simple moving average is $18.25.
FrontView REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 30th. FrontView REIT’s dividend payout ratio (DPR) is presently 2,866.67%.
Analyst Upgrades and Downgrades
FVR has been the topic of a number of research reports. 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. Morgan Stanley increased their price target on FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded FrontView REIT from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. BMO Capital Markets raised their price objective on shares of FrontView REIT from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Finally, Citigroup restated a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.
Read Our Latest Stock Analysis on FVR
About FrontView REIT
FrontView REIT specializes in real estate investing.
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