Alyeska Investment Group L.P. Makes New Investment in FrontView REIT, Inc. (NYSE:FVR)

Alyeska Investment Group L.P. purchased a new position in shares of 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 & Exchange Commission. The institutional investor purchased 1,467,011 shares of the company's stock, valued at approximately $26,597,000. Alyeska Investment Group L.P. owned approximately 9.13% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Summit Investment Advisors Inc. acquired a new position in shares of FrontView REIT in the fourth quarter worth $27,000. Tower Research Capital LLC TRC purchased a new stake in FrontView REIT during the 4th quarter worth about $34,000. Nisa Investment Advisors LLC acquired a new stake in FrontView REIT in the 4th quarter valued at about $73,000. Quantbot Technologies LP purchased a new position in shares of FrontView REIT in the 4th quarter valued at about $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth approximately $119,000.

FrontView REIT Trading Up 1.8 %

NYSE:FVR traded up $0.21 during mid-day trading on Friday, reaching $11.80. 155,684 shares of the stock were exchanged, compared to its average volume of 249,785. FrontView REIT, Inc. has a 1 year low of $10.61 and a 1 year high of $19.76. The company has a 50 day simple moving average of $12.90 and a 200-day simple moving average of $16.35.

FrontView REIT (NYSE:FVR - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share 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 analyst estimates of $15.45 million. On average, research analysts anticipate that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.215 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.29%.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

FVR has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Bank of America lowered FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price on the stock. in a report on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.40.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.