FrontView REIT, Inc. (NYSE:FVR) Receives $15.70 Average PT from Analysts

FrontView REIT, Inc. (NYSE:FVR) has been given an average recommendation of “Hold” by the six research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.70.

A number of analysts have commented on the company. Wall Street Zen cut FrontView REIT from a “hold” rating to a “sell” rating in a research report on Sunday, August 31st. Morgan Stanley cut FrontView REIT from an “overweight” rating to an “equal weight” rating and set a $13.50 price target for the company. in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on FrontView REIT from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Bank of America reaffirmed an “underperform” rating and set a $11.00 price target (down previously from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FrontView REIT in a research report on Wednesday, October 8th.

FrontView REIT Stock Up 1.9%

Shares of FVR stock opened at $14.11 on Friday. The stock’s fifty day moving average price is $13.31 and its 200 day moving average price is $12.41. FrontView REIT has a 1-year low of $10.61 and a 1-year high of $19.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $288.67 million and a price-to-earnings ratio of -13.19.

FrontView REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 30th. FrontView REIT’s payout ratio is -80.37%.

Insider Activity

In related news, Director Elizabeth F. Frank acquired 2,808 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was acquired at an average price of $12.44 per share, with a total value of $34,931.52. Following the acquisition, the director directly owned 5,177 shares in the company, valued at $64,401.88. This represents a 118.53% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FrontView REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in shares of FrontView REIT in the 1st quarter valued at about $25,000. Strs Ohio acquired a new position in shares of FrontView REIT in the 1st quarter valued at about $35,000. New York State Common Retirement Fund acquired a new position in shares of FrontView REIT in the 1st quarter valued at about $38,000. Resona Asset Management Co. Ltd. acquired a new position in shares of FrontView REIT in the 1st quarter valued at about $83,000. Finally, CWM LLC lifted its holdings in shares of FrontView REIT by 18,067.6% in the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock valued at $81,000 after buying an additional 6,685 shares during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.