Envestnet Asset Management Inc. Buys Shares of 31,715 FrontView REIT, Inc. (NYSE:FVR)

Envestnet Asset Management Inc. purchased a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,715 shares of the company's stock, valued at approximately $575,000. Envestnet Asset Management Inc. owned 0.20% of FrontView REIT at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in FrontView REIT during the 4th quarter worth about $73,000. Quantbot Technologies LP acquired a new stake in shares of FrontView REIT in the fourth quarter valued at about $114,000. SG Americas Securities LLC bought a new stake in FrontView REIT during the fourth quarter worth about $119,000. State of Alaska Department of Revenue acquired a new position in FrontView REIT during the fourth quarter valued at approximately $121,000. Finally, Corebridge Financial Inc. bought a new position in FrontView REIT in the fourth quarter valued at approximately $130,000.

FrontView REIT Trading Up 1.4 %

Shares of FVR stock traded up $0.16 on Friday, hitting $11.75. The company's stock had a trading volume of 33,078 shares, compared to its average volume of 178,132. FrontView REIT, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The stock's 50 day moving average is $12.99 and its 200-day moving average is $16.40.

FrontView REIT (NYSE:FVR - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. As a group, sell-side analysts anticipate that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.215 per share. The ex-dividend date was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.32%.

Analyst Upgrades and Downgrades

FVR has been the subject of a number of analyst reports. Bank of America downgraded shares of FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price objective for the company. in a research report on Tuesday. Wells Fargo & Company decreased their price objective on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, FrontView REIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.40.

Insider Transactions at FrontView REIT

In other news, CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The shares were purchased at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at approximately $49,571.44. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.