FrontView REIT (NYSE:FVR – Get Free Report) released its earnings results on Wednesday. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.10, FiscalAI reports. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. The firm had revenue of $17.12 million for the quarter, compared to analyst estimates of $18.67 million.
FrontView REIT Trading Up 3.5%
Shares of FrontView REIT stock traded up $0.65 on Wednesday, hitting $19.43. The stock had a trading volume of 426,761 shares, compared to its average volume of 173,390. The stock has a 50 day moving average of $17.89 and a 200 day moving average of $17.98. FrontView REIT has a twelve month low of $12.89 and a twelve month high of $22.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $475.21 million, a P/E ratio of 647.60, a PEG ratio of 1.62 and a beta of 1.02.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of FrontView REIT from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Huntington began coverage on shares of FrontView REIT in a report on Wednesday, July 15th. They set an “outperform” rating and a $22.50 price target on the stock. Weiss Ratings raised FrontView REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. JonesTrading restated a “buy” rating and set a $21.00 price objective on shares of FrontView REIT in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.72.
Read Our Latest Research Report on FVR
FrontView REIT Company Profile
FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.
Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.
FrontView REIT’s strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.
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