Wall Street Zen lowered shares of FrontView REIT (NYSE:FVR – Free Report) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.
Other research analysts also recently issued reports about the stock. Citigroup restated a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. Wells Fargo & Company raised their target price on FrontView REIT from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Morgan Stanley lifted their price target on FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on FrontView REIT from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $23.00 price objective on shares of FrontView REIT in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.
Check Out Our Latest Stock Report on FrontView REIT
FrontView REIT Trading Up 1.9%
FrontView REIT (NYSE:FVR – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. The firm had revenue of $16.40 million for the quarter, compared to analyst estimates of $18.31 million. FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. Analysts predict that FrontView REIT will post 1.19 EPS for the current fiscal year.
FrontView REIT Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.2150 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.86 dividend on an annualized basis and a yield of 5.2%. FrontView REIT’s dividend payout ratio (DPR) is currently 2,866.67%.
Institutional Trading of FrontView REIT
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of FrontView REIT in the 2nd quarter valued at $90,166,000. Corient Private Wealth LP bought a new stake in FrontView REIT during the 2nd quarter worth $12,544,000. Corient Private Wealth LLC increased its holdings in FrontView REIT by 353.1% in the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after purchasing an additional 592,940 shares in the last quarter. Principal Financial Group Inc. increased its holdings in FrontView REIT by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 221,798 shares of the company’s stock worth $3,431,000 after purchasing an additional 5,014 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in FrontView REIT in the second quarter valued at about $1,843,000.
About FrontView REIT
FrontView REIT, Inc is a real estate investment trust that owns and manages a portfolio of freestanding, primarily net-leased commercial properties in the United States. The company focuses on highly visible, well-located properties, often positioned along major roads and near established retail or commercial areas.
FrontView’s properties are generally occupied by necessity-based retail and service businesses, including automotive, healthcare, financial services, restaurant, and other consumer-oriented tenants.
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