Alyeska Investment Group L.P. trimmed its stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) by 12.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,289,700 shares of the company's stock after selling 177,311 shares during the period. Alyeska Investment Group L.P. owned about 7.46% of FrontView REIT worth $16,495,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new position in FrontView REIT during the 4th quarter worth approximately $154,000. Barclays PLC acquired a new position in shares of FrontView REIT in the 4th quarter valued at $393,000. MetLife Investment Management LLC purchased a new stake in FrontView REIT in the 4th quarter valued at $167,000. Tower Research Capital LLC TRC purchased a new stake in FrontView REIT in the 4th quarter valued at $34,000. Finally, Northern Trust Corp purchased a new stake in FrontView REIT in the 4th quarter valued at $2,105,000.
Insider Activity
In other FrontView REIT news, Director Elizabeth F. Frank bought 2,808 shares of the stock in a transaction on Friday, August 15th. The stock was purchased at an average price of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the purchase, the director directly owned 5,177 shares in the company, valued at approximately $64,401.88. This trade represents a 118.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.30% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on FVR shares. Morgan Stanley downgraded shares of FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price objective for the company. in a research report on Friday, July 11th. Wall Street Zen cut shares of FrontView REIT from a "hold" rating to a "sell" rating in a research note on Sunday, August 31st. JPMorgan Chase & Co. cut shares of FrontView REIT from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $14.00 to $12.00 in a research note on Tuesday, June 17th. Finally, Bank of America reaffirmed an "underperform" rating and set a $11.00 price target (down from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $15.10.
View Our Latest Stock Analysis on FVR
FrontView REIT Trading Up 0.3%
Shares of FVR traded up $0.04 during mid-day trading on Wednesday, hitting $13.44. The company had a trading volume of 3,241 shares, compared to its average volume of 204,773. The business's 50-day simple moving average is $12.58 and its 200-day simple moving average is $12.66. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76. The stock has a market cap of $274.87 million and a PE ratio of -12.48.
FrontView REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 30th. FrontView REIT's payout ratio is -80.37%.
FrontView REIT Company Profile
(
Free Report)
FrontView REIT specializes in real estate investing.
Featured Articles
Before you consider FrontView REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FrontView REIT wasn't on the list.
While FrontView REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
