TD Waterhouse Canada Inc. Takes Position in FrontView REIT, Inc. $FVR

TD Waterhouse Canada Inc. acquired a new stake in FrontView REIT, Inc. (NYSE:FVR) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,500 shares of the company’s stock, valued at approximately $515,000. TD Waterhouse Canada Inc. owned about 0.18% of FrontView REIT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FVR. Heritage Investment Group Inc. acquired a new stake in shares of FrontView REIT in the third quarter valued at approximately $203,000. Resona Asset Management Co. Ltd. boosted its position in shares of FrontView REIT by 26.5% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock worth $111,000 after purchasing an additional 1,708 shares in the last quarter. Strs Ohio grew its position in FrontView REIT by 29.6% during the third quarter. Strs Ohio now owns 3,500 shares of the company’s stock worth $48,000 after buying an additional 800 shares during the period. Samalin Investment Counsel LLC grew its holdings in shares of FrontView REIT by 4.6% in the 3rd quarter. Samalin Investment Counsel LLC now owns 59,431 shares of the company’s stock worth $815,000 after acquiring an additional 2,626 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of FrontView REIT by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,693 shares of the company’s stock valued at $243,000 after buying an additional 1,456 shares in the last quarter.

FrontView REIT Trading Up 0.2%

FrontView REIT stock opened at $16.44 on Tuesday. The company has a market capitalization of $355.99 million, a price-to-earnings ratio of -20.05 and a beta of 1.33. FrontView REIT, Inc. has a one year low of $10.61 and a one year high of $18.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $15.55 and its two-hundred day moving average price is $14.11.

FrontView REIT (NYSE:FVR) last announced its quarterly earnings data 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 return on equity of 4.25% and a negative net margin of 32.21%.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. On average, analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT announced that its Board of Directors has approved a share repurchase plan on Monday, November 24th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to buy up to 23.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.86 annualized dividend and a dividend yield of 5.2%. FrontView REIT’s payout ratio is -104.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Morgan Stanley increased their price objective on shares of FrontView REIT from $13.50 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 31st. Jones Trading began coverage on FrontView REIT in a report on Wednesday, January 14th. They issued a “buy” rating and a $19.00 price target for the company. Wells Fargo & Company boosted their price objective on FrontView REIT from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.80.

About FrontView REIT

FrontView REIT specializes in real estate investing.