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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in FrontView REIT during the fourth quarter worth approximately $73,000. Quantbot Technologies LP acquired a new position in shares of FrontView REIT during the fourth quarter valued at approximately $114,000. SG Americas Securities LLC purchased a new position in shares of FrontView REIT in the fourth quarter valued at approximately $119,000. State of Alaska Department of Revenue purchased a new position in shares of FrontView REIT in the fourth quarter valued at approximately $121,000. Finally, Corebridge Financial Inc. acquired a new stake in shares of FrontView REIT in the fourth quarter worth approximately $130,000.

FrontView REIT Stock Down 4.5 %

Shares of NYSE FVR traded down $0.56 during trading on Tuesday, hitting $11.95. 224,884 shares of the company were exchanged, compared to its average volume of 251,294. The company has a fifty day moving average price of $13.21 and a 200-day moving average price of $16.48. FrontView REIT, Inc. has a 12-month low of $10.61 and a 12-month high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $15.45 million. As a group, equities analysts anticipate that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend was Monday, March 31st.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America downgraded 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, FrontView REIT presently has an average rating of "Moderate Buy" and a consensus target price of $19.40.

Insider Transactions at FrontView REIT

In related news, CEO Randall Starr acquired 3,716 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the transaction, the chief executive officer now owns 3,716 shares of the company's stock, valued at $49,571.44. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.