Zimmer Partners LP Purchases New Holdings in FrontView REIT, Inc. (NYSE:FVR)

Zimmer Partners LP purchased a new stake in FrontView REIT, Inc. (NYSE:FVR) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,300,100 shares of the company’s stock, valued at approximately $23,571,000. Zimmer Partners LP owned approximately 0.08% of FrontView REIT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FVR. Summit Investment Advisors Inc. purchased a new position in FrontView REIT in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC purchased a new position in FrontView REIT in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC purchased a new position in FrontView REIT in the 4th quarter valued at about $73,000. Quantbot Technologies LP purchased a new position in FrontView REIT in the 4th quarter valued at about $114,000. Finally, SG Americas Securities LLC purchased a new position in FrontView REIT in the 4th quarter valued at about $119,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FVR. Wells Fargo & Company decreased their price target on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Bank of America lowered shares of FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.40.

FrontView REIT Price Performance

FVR opened at $11.76 on Tuesday. The company’s 50 day simple moving average is $12.44 and its two-hundred day simple moving average is $16.00. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76.

FrontView REIT (NYSE:FVR) last released its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. Equities research analysts anticipate that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Monday, June 30th.

Insider Activity

In other news, CEO Randall Starr purchased 3,716 shares of FrontView REIT stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.