Cbre Investment Management Listed Real Assets LLC Boosts Stake in FrontView REIT, Inc. $FVR

Key Points

• CBRE Investment Management increased its stake in FrontView REIT by 9.9%, owning 765,666 shares valued at approximately $9.79 million as of its latest SEC filing.
• FrontView REIT announced a quarterly dividend of $0.215 per share, yielding 6.3%, with an ex-dividend date set for September 30th.
• Several analysts have issued mixed ratings on FrontView REIT, with Morgan Stanley downgrading it from "overweight" to "equal weight" and setting a new price target of $13.50.

Cbre Investment Management Listed Real Assets LLC raised its holdings in FrontView REIT, Inc. (NYSE:FVR - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 765,666 shares of the company's stock after buying an additional 69,250 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 4.43% of FrontView REIT worth $9,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new position in shares of FrontView REIT in the fourth quarter valued at about $26,597,000. Zimmer Partners LP acquired a new position in shares of FrontView REIT in the fourth quarter valued at about $23,571,000. Citadel Advisors LLC acquired a new stake in FrontView REIT during the fourth quarter worth about $15,410,000. Millennium Management LLC acquired a new stake in FrontView REIT during the fourth quarter worth about $13,525,000. Finally, Janus Henderson Group PLC acquired a new stake in FrontView REIT during the fourth quarter worth about $11,916,000.

Insider Buying and Selling

In other FrontView REIT news, Director Elizabeth F. Frank bought 2,808 shares of FrontView REIT stock in a transaction on Friday, August 15th. The shares were bought at an average price of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the transaction, the director directly owned 5,177 shares of the company's stock, valued at $64,401.88. This trade represents a 118.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 4.30% of the stock is owned by corporate insiders.

FrontView REIT Trading Up 1.4%

FrontView REIT stock traded up $0.19 during trading on Wednesday, reaching $13.43. 70,858 shares of the company were exchanged, compared to its average volume of 208,014. FrontView REIT, Inc. has a 52-week low of $10.61 and a 52-week high of $19.76. The company has a market capitalization of $274.78 million and a P/E ratio of -12.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.73. The stock's 50 day simple moving average is $12.29 and its two-hundred day simple moving average is $12.95.

FrontView REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.215 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a yield of 6.4%. FrontView REIT's payout ratio is currently -80.37%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley lowered FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 target price on the stock. in a report on Friday, July 11th. JPMorgan Chase & Co. lowered FrontView REIT from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $12.00 in a report on Tuesday, June 17th. Wall Street Zen raised FrontView REIT from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Bank of America reissued an "underperform" rating and issued a $11.00 price objective (down from $15.00) on shares of FrontView REIT in a report on Tuesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FrontView REIT currently has an average rating of "Hold" and a consensus price target of $15.10.

About FrontView REIT

FrontView REIT specializes in real estate investing.