Barclays PLC purchased a new position in shares of 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 and Exchange Commission. The institutional investor purchased 21,703 shares of the company's stock, valued at approximately $393,000. Barclays PLC owned 0.14% of FrontView REIT as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC purchased a new stake in FrontView REIT during the 4th quarter worth $12,626,000. Federated Hermes Inc. purchased a new position in FrontView REIT in the fourth quarter valued at about $8,702,000. abrdn plc purchased a new stake in FrontView REIT during the 4th quarter worth approximately $7,268,000. Geode Capital Management LLC acquired a new stake in FrontView REIT in the fourth quarter valued at $5,869,000. Finally, Burkehill Global Management LP acquired a new position in FrontView REIT during the 4th quarter worth $5,439,000.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Bank of America downgraded FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price objective for the company. in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their target price on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.40.
Read Our Latest Stock Analysis on FrontView REIT
FrontView REIT Price Performance
FVR stock traded down $0.17 during mid-day trading on Thursday, reaching $11.72. 36,491 shares of the stock traded hands, compared to its average volume of 248,586. FrontView REIT, Inc. has a 52-week low of $10.61 and a 52-week high of $19.76. The stock's fifty day moving average is $12.65 and its 200-day moving average is $16.19.
FrontView REIT (NYSE:FVR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $15.51 million for the quarter, compared to analysts' expectations of $15.45 million. On average, analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.
FrontView REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 7.34%. The ex-dividend date was Monday, March 31st.
Insider Buying and Selling at FrontView REIT
In other news, CEO Randall Starr bought 3,716 shares of the stock in a transaction on Tuesday, March 25th. The shares were purchased at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at $49,571.44. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
FrontView REIT Profile
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FrontView REIT specializes in real estate investing.
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