BlackRock Inc. Purchases Shares of 4,457,044 FrontView REIT, Inc. $FVR

Key Points

• BlackRock acquired 4.46 million FrontView REIT shares worth approximately $90.2 million, representing about 19.68% of the company at the end of the second quarter.
• Analyst sentiment remains generally positive, with FrontView REIT carrying a “Moderate Buy” consensus rating and an average price target of $22.50, despite one recent downgrade to “sell.”
• FrontView REIT reported quarterly EPS of $0.03, beating estimates, and declared a quarterly dividend of $0.215, equivalent to an annualized yield of about 4.4% based on the reported share price.

BlackRock Inc. acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,457,044 shares of the company's stock, valued at approximately $90,166,000. BlackRock Inc. owned approximately 19.68% of FrontView REIT at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of FrontView REIT in the 4th quarter valued at about $30,000. Avalon Trust Co purchased a new stake in FrontView REIT in the second quarter valued at approximately $48,000. Strs Ohio acquired a new stake in shares of FrontView REIT in the first quarter valued at approximately $35,000. Public Employees Retirement System of Ohio acquired a new stake in shares of FrontView REIT in the fourth quarter valued at approximately $106,000. Finally, State of Wyoming purchased a new position in shares of FrontView REIT during the second quarter worth approximately $166,000.

Analyst Ratings Changes

A number of analysts recently weighed in on FVR shares. Wall Street Zen cut shares of FrontView REIT from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. JPMorgan Chase & Co. upped their target price on shares of FrontView REIT from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, August 18th. Citigroup reiterated 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 report on Wednesday, August 12th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $23.00 price target on shares of FrontView REIT in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, FrontView REIT has an average rating of "Moderate Buy" and a consensus target price of $22.50.

FrontView REIT Stock Down 1.0%

Shares of FrontView REIT stock opened at $19.50 on Friday. The company has a market cap of $476.97 million, a P/E ratio of 650.00, a PEG ratio of 1.39 and a beta of 1.08. 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 $12.85 and a one year high of $22.29. The firm has a fifty day moving average of $20.39 and a two-hundred day moving average of $18.25.

FrontView REIT (NYSE:FVR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $16.40 million for 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. On average, analysts forecast that FrontView REIT, Inc. will post 1.2 earnings per share for the current year.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 30th. FrontView REIT's dividend payout ratio is 2,866.67%.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.

Want to see what other hedge funds are holding FVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FrontView REIT, Inc. (NYSE:FVR - Free Report).

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