FrontView REIT (NYSE:FVR) Given New $21.00 Price Target at Freedom Broker

Key Points

• Freedom Broker cut its price target on FrontView REIT from $22 to $21 but maintained a Buy rating; the new target implies 8.15% upside from the prior close.
• Analyst consensus remains Moderate Buy, with a consensus price target of $21.55; ratings include three Strong Buys, seven Buys, and four Holds.
• FrontView REIT beat quarterly EPS expectations, reporting $0.08 versus a consensus loss of $0.02, but revenue of $17.12 million fell short of the $18.67 million estimate.

FrontView REIT (NYSE:FVR - Get Free Report) had its price target cut by stock analysts at Freedom Broker from $22.00 to $21.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Freedom Broker's target price would indicate a potential upside of 8.15% from the stock's previous close.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on FrontView REIT from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. JonesTrading lowered their price objective on FrontView REIT from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday. Huntington began coverage on shares of FrontView REIT in a research note on Wednesday, November 4th. They set a "strong-buy" rating on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $23.00 target price on shares of FrontView REIT in a report on Thursday, August 13th. Finally, BMO Capital Markets decreased their target price on shares of FrontView REIT from $24.00 to $20.00 and set an "outperform" rating for the company in a research note on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, FrontView REIT has a consensus rating of "Moderate Buy" and a consensus price target of $21.55.

FrontView REIT Stock Performance

NYSE FVR traded up $0.35 on Monday, reaching $19.42. 116,945 shares of the company's stock traded hands, compared to its average volume of 173,388. The firm has a market cap of $474.89 million, a price-to-earnings ratio of -242.12, a P/E/G ratio of 1.65 and a beta of 1.02. The stock has a 50 day moving average price of $17.86 and a 200-day moving average price of $18.03. FrontView REIT has a fifty-two week low of $12.96 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.53 and a current ratio of 0.53.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.10. The company had revenue of $17.12 million for the quarter, compared to analyst estimates of $18.67 million. FrontView REIT had a negative net margin of 0.04% and a negative return on equity of 0.01%. Equities research analysts predict that FrontView REIT will post 1.20 EPS for the current fiscal year.

Hedge Funds Weigh In On FrontView REIT

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of FrontView REIT during the second quarter worth about $90,166,000. Corient Private Wealth LP purchased a new position in FrontView REIT in the 2nd quarter valued at about $12,544,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in FrontView REIT in the 2nd quarter valued at about $1,843,000. Clear Harbor Asset Management LLC purchased a new position in FrontView REIT in the 2nd quarter valued at about $1,660,000. Finally, Royal Bank of Canada boosted its holdings in FrontView REIT by 6,163.9% in the 1st quarter. Royal Bank of Canada now owns 81,431 shares of the company's stock worth $1,260,000 after buying an additional 80,131 shares during the last quarter.

About FrontView REIT

FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.

Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.

FrontView REIT's strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.

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