FrontView REIT (NYSE:FVR) Stock Price Target Cut by JonesTrading

Key Points

• JonesTrading cut FrontView REIT’s price target from $21 to $20 but maintained a Buy rating; the new target implies 4.49% upside from the prior close.
• Analyst sentiment overall remains positive: the stock has a “Moderate Buy” consensus rating and an average price target of $21.61.
• FrontView REIT beat quarterly EPS expectations, reporting $0.08 versus an expected loss of $0.02, but revenue of $17.12 million fell short of the $18.67 million consensus.

FrontView REIT (NYSE:FVR - Get Free Report) had its price objective cut by research analysts at JonesTrading from $21.00 to $20.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. JonesTrading's price objective points to a potential upside of 4.49% from the company's previous close.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of FrontView REIT from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Tuesday, August 18th. Raymond James Financial reissued a "strong-buy" rating and set a $23.00 price objective on shares of FrontView REIT in a research note on Thursday, August 13th. Huntington assumed coverage on FrontView REIT in a research report on Wednesday. They set a "strong-buy" rating for the company. Weiss Ratings upgraded FrontView REIT from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Finally, Wall Street Zen upgraded FrontView REIT from a "sell" rating to a "hold" rating in a research note on Saturday, October 31st. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.61.

FrontView REIT Stock Performance

FrontView REIT stock opened at $19.14 on Friday. The firm's 50 day simple moving average is $17.87 and its 200 day simple moving average is $18.01. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. 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. FrontView REIT has a 1-year low of $12.89 and a 1-year high of $22.29.

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

Institutional Investors Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in FVR. BlackRock Inc. bought a new stake in shares of FrontView REIT in the second quarter worth $90,166,000. Corient Private Wealth LP purchased a new stake in FrontView REIT during the second quarter valued at $12,544,000. Principal Financial Group Inc. lifted its holdings in FrontView REIT by 2.3% in the first quarter. Principal Financial Group Inc. now owns 221,798 shares of the company's stock valued at $3,431,000 after acquiring an additional 5,014 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in FrontView REIT in the second quarter valued at about $1,843,000. Finally, Dimensional Fund Advisors LP boosted its position in FrontView REIT by 333.2% in the first quarter. Dimensional Fund Advisors LP now owns 83,002 shares of the company's stock worth $1,284,000 after purchasing an additional 63,840 shares during the last quarter.

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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