850,000 Shares in FrontView REIT, Inc. (NYSE:FVR) Acquired by Citadel Advisors LLC

Citadel Advisors LLC purchased a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 850,000 shares of the company's stock, valued at approximately $15,410,000. Citadel Advisors LLC owned approximately 5.29% of FrontView REIT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of FrontView REIT in the fourth quarter valued at approximately $736,000. Charles Schwab Investment Management Inc. bought a new position in FrontView REIT during the 4th quarter worth $754,000. Asset Management One Co. Ltd. acquired a new stake in FrontView REIT during the 4th quarter worth about $178,000. Cbre Investment Management Listed Real Assets LLC acquired a new stake in FrontView REIT during the 4th quarter worth about $12,626,000. Finally, Renaissance Technologies LLC acquired a new stake in FrontView REIT during the 4th quarter worth about $751,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company decreased their target price on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Bank of America downgraded FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price on the stock. in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.40.

Insider Activity at FrontView REIT

In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares of the company's stock, valued at approximately $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

FrontView REIT Stock Up 1.5%

NYSE:FVR opened at $12.02 on Tuesday. FrontView REIT, Inc. has a 12 month low of $10.61 and a 12 month high of $19.76. The company has a 50 day simple moving average of $12.81 and a two-hundred day simple moving average of $16.25.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million for the quarter, compared to analysts' expectations of $15.45 million. As a group, equities analysts forecast 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. Investors of record on Monday, March 31st were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.86 annualized dividend and a yield of 7.16%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.

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