Citadel Advisors LLC Purchases New Shares in FrontView REIT, Inc. (NYSE:FVR)

Citadel Advisors LLC purchased a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 850,000 shares of the company's stock, valued at approximately $15,410,000. Citadel Advisors LLC owned 5.29% of FrontView REIT as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of FrontView REIT during the fourth quarter worth approximately $73,000. SG Americas Securities LLC bought a new stake in shares of FrontView REIT during the fourth quarter worth $119,000. Exchange Traded Concepts LLC bought a new stake in shares of FrontView REIT during the fourth quarter worth $535,000. abrdn plc bought a new stake in shares of FrontView REIT during the fourth quarter worth $7,268,000. Finally, State of Alaska Department of Revenue bought a new position in FrontView REIT in the fourth quarter valued at $121,000.

Insider Buying and Selling

In related news, CEO Randall Starr purchased 3,716 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the acquisition, the chief executive officer now directly owns 3,716 shares in the company, valued at approximately $49,571.44. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FVR. 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, May 6th. Wells Fargo & Company decreased their price target 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.40.

FrontView REIT Stock Performance

FVR traded up $0.34 during trading on Friday, hitting $11.89. 287,937 shares of the company's stock were exchanged, compared to its average volume of 249,738. FrontView REIT, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The business's 50 day moving average is $12.51 and its two-hundred day moving average is $16.05.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. On average, analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Monday, June 30th.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.