Bank of New York Mellon Corp Purchases Shares of 76,188 FrontView REIT, Inc. $FVR

Bank of New York Mellon Corp purchased a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 76,188 shares of the company's stock, valued at approximately $1,541,000. Bank of New York Mellon Corp owned approximately 0.34% of FrontView REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of FrontView REIT by 333.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 83,002 shares of the company's stock valued at $1,284,000 after purchasing an additional 63,840 shares during the last quarter. Royal Bank of Canada grew its position in FrontView REIT by 6,163.9% during the 1st quarter. Royal Bank of Canada now owns 81,431 shares of the company's stock worth $1,260,000 after purchasing an additional 80,131 shares during the last quarter. First Dallas Securities Inc. grew its position in FrontView REIT by 344.2% during the 1st quarter. First Dallas Securities Inc. now owns 95,950 shares of the company's stock worth $1,484,000 after purchasing an additional 74,350 shares during the last quarter. Corient Private Wealth LLC increased its stake in FrontView REIT by 353.1% during the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company's stock valued at $11,231,000 after purchasing an additional 592,940 shares in the last quarter. Finally, SlateStone Wealth LLC acquired a new position in FrontView REIT during the 4th quarter valued at approximately $3,645,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FVR. Morgan Stanley raised their price target on shares of FrontView REIT from $18.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. Wall Street Zen downgraded FrontView REIT from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Citigroup restated a "buy" rating on shares of FrontView REIT in a research note on Wednesday, July 1st. Weiss Ratings raised FrontView REIT from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Finally, JonesTrading reiterated a "buy" rating and set a $21.00 price target on shares of FrontView REIT in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, FrontView REIT has an average rating of "Moderate Buy" and a consensus target price of $22.50.

FrontView REIT Price Performance

NYSE:FVR opened at $18.64 on Thursday. The firm's fifty day moving average is $20.23 and its two-hundred day moving average is $18.42. The firm has a market cap of $456.06 million, a price-to-earnings ratio of 621.50, a PEG ratio of 1.35 and a beta of 1.04. 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, Inc. has a one year low of $12.89 and a one year high of $22.29.

FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $16.40 million during the quarter, compared to analyst estimates of $18.31 million. FrontView REIT had a return on equity of 0.29% and a net margin of 2.10%.FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. Research analysts expect that FrontView REIT, Inc. will post 1.2 EPS for the current year.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 30th. FrontView REIT's dividend payout ratio (DPR) is 2,866.67%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.

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