FrontView REIT (NYSE:FVR) Now Covered by Analysts at Huntington

Key Points

• Huntington initiated coverage of FrontView REIT with a “strong-buy” rating. Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $21.72.
• FrontView REIT reported quarterly earnings per share of $0.08, beating the consensus estimate of a $0.02 loss, while revenue of $17.12 million came in below expectations of $18.67 million.
• BlackRock and several other institutional investors established new positions in FrontView REIT during the second quarter; BlackRock’s stake was valued at about $90.2 million.

Huntington started coverage on shares of FrontView REIT (NYSE:FVR - Get Free Report) in a report issued on Wednesday, Zacks reports. The firm set a "strong-buy" rating on the stock.

A number of other research analysts also recently commented on FVR. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $23.00 target price on shares of FrontView REIT in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of FrontView REIT from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Wells Fargo & Company decreased their price objective on shares of FrontView REIT from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. JonesTrading reaffirmed a "buy" rating and set a $21.00 price objective on shares of FrontView REIT in a report on Thursday, August 6th. Finally, Morgan Stanley lifted their target price on FrontView REIT from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.72.

FrontView REIT Price Performance

Shares of NYSE FVR opened at $19.14 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. FrontView REIT has a fifty-two week low of $12.89 and a fifty-two week high of $22.29. The firm has a market capitalization of $468.11 million, a PE ratio of -239.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.02. The stock's 50-day simple moving average is $17.87 and its 200-day simple moving average is $18.01.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.10. FrontView REIT had a negative return on equity of 0.01% and a negative net margin of 0.04%. The firm had revenue of $17.12 million during the quarter, compared to analysts' expectations of $18.67 million. As a group, equities research analysts forecast that FrontView REIT will post 1.20 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FVR. BlackRock Inc. purchased a new stake in FrontView REIT during the 2nd quarter valued at approximately $90,166,000. Corient Private Wealth LP purchased a new position in shares of FrontView REIT in the 2nd quarter valued at approximately $12,544,000. Principal Financial Group Inc. grew its stake in shares of FrontView REIT by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 221,798 shares of the company's stock valued at $3,431,000 after purchasing an additional 5,014 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of FrontView REIT in the second quarter valued at approximately $1,843,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of FrontView REIT in the second quarter valued at approximately $1,660,000.

FrontView REIT Company Profile

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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