Bank of America Corp DE Makes New Investment in FrontView REIT, Inc. (NYSE:FVR)

Bank of America Corp DE purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 135,959 shares of the company's stock, valued at approximately $2,465,000. Bank of America Corp DE owned about 0.85% of FrontView REIT at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. bought a new position in FrontView REIT during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC bought a new stake in shares of FrontView REIT in the 4th quarter worth approximately $34,000. Quantbot Technologies LP bought a new stake in shares of FrontView REIT in the 4th quarter worth approximately $114,000. SG Americas Securities LLC bought a new stake in shares of FrontView REIT in the 4th quarter worth approximately $119,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of FrontView REIT in the 4th quarter worth approximately $121,000.

Insider Transactions at FrontView REIT

In other news, CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the acquisition, 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.30% of the company's stock.

FrontView REIT Stock Performance

FVR traded up $0.19 during midday trading on Thursday, reaching $11.44. The company had a trading volume of 258,657 shares, compared to its average volume of 247,600. The business has a 50-day moving average of $11.84 and a two-hundred day moving average of $15.37. FrontView REIT, Inc. has a 1 year low of $10.61 and a 1 year high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million during the quarter, compared to analysts' expectations of $15.45 million. On average, analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.86 annualized dividend and a dividend yield of 7.52%.

Analyst Ratings Changes

FVR has been the topic of a number of recent analyst reports. Bank of America lowered FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price objective on the stock. in a research report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, FrontView REIT currently has a consensus rating of "Moderate Buy" and an average price target of $19.40.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.