FrontView REIT (NYSE:FVR – Get Free Report) had its price target decreased by equities researchers at BMO Capital Markets from $24.00 to $20.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 23.15% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Citigroup restated a “buy” rating on shares of FrontView REIT in a research note on Wednesday, July 1st. Wells Fargo & Company increased their price objective on FrontView REIT from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. JonesTrading restated a “buy” rating and set a $21.00 target price on shares of FrontView REIT in a report on Thursday, August 6th. Wolfe Research raised shares of FrontView REIT to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Huntington initiated coverage on shares of FrontView REIT in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $22.50 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.06.
Read Our Latest Stock Report on FrontView REIT
FrontView REIT Stock Down 0.5%
FrontView REIT (NYSE:FVR – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $18.31 million. FrontView REIT had a return on equity of 0.29% and a net margin of 2.10%.FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. On average, sell-side analysts forecast that FrontView REIT will post 1.19 EPS for the current fiscal year.
Institutional Investors Weigh In On FrontView REIT
A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc bought a new position in FrontView REIT in the second quarter valued at about $43,000. Avalon Trust Co acquired a new position in FrontView REIT during the second quarter worth about $48,000. Renaissance Technologies LLC lifted its holdings in shares of FrontView REIT by 19.7% in the first quarter. Renaissance Technologies LLC now owns 30,400 shares of the company’s stock worth $470,000 after acquiring an additional 5,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of FrontView REIT by 2.3% in the first quarter. Principal Financial Group Inc. now owns 221,798 shares of the company’s stock worth $3,431,000 after acquiring an additional 5,014 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of FrontView REIT in the 2nd quarter valued at approximately $166,000.
FrontView REIT Company Profile
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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