FrontView REIT (NYSE:FVR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

FrontView REIT (NYSE:FVRGet Free Report) had its target price increased by research analysts at Wells Fargo & Company from $17.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 16.32% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Wall Street Zen raised shares of FrontView REIT from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded FrontView REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “sell (d)” rating on shares of FrontView REIT in a research note on Wednesday, November 19th. Finally, JPMorgan Chase & Co. raised their target price on FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, FrontView REIT currently has an average rating of “Hold” and a consensus price target of $14.38.

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FrontView REIT Stock Performance

FrontView REIT stock traded up $0.89 during trading hours on Tuesday, reaching $15.48. 93,694 shares of the company were exchanged, compared to its average volume of 189,007. The firm has a market cap of $335.10 million and a price-to-earnings ratio of -18.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $13.77 and a 200 day moving average of $12.77. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $19.72.

FrontView REIT (NYSE:FVRGet Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 during 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. As a group, research analysts anticipate that FrontView REIT will post 1.22 earnings per share for the current year.

FrontView REIT announced that its board has authorized a share repurchase program on Monday, November 24th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 23.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On FrontView REIT

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its holdings in shares of FrontView REIT by 19.8% during the 3rd quarter. Citadel Advisors LLC now owns 548,790 shares of the company’s stock worth $7,524,000 after purchasing an additional 90,715 shares in the last quarter. Alliancebernstein L.P. lifted its position in FrontView REIT by 13.4% in the third quarter. Alliancebernstein L.P. now owns 16,900 shares of the company’s stock worth $232,000 after purchasing an additional 2,000 shares during the period. Two Sigma Investments LP bought a new position in FrontView REIT in the third quarter worth $255,000. Arkhouse Management Co. LP boosted its stake in FrontView REIT by 6.5% during the third quarter. Arkhouse Management Co. LP now owns 73,449 shares of the company’s stock worth $1,007,000 after buying an additional 4,464 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in FrontView REIT by 6.6% in the 3rd quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock valued at $241,000 after buying an additional 1,084 shares during the period.

About FrontView REIT

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FrontView REIT specializes in real estate investing.

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Analyst Recommendations for FrontView REIT (NYSE:FVR)

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