Centersquare Investment Management LLC Boosts Stake in FrontView REIT, Inc. (NYSE:FVR)

Key Points

• Centersquare Investment Management LLC increased its stake in FrontView REIT by 87.8%, owning 164,484 shares worth $2,104,000.
• Multiple hedge funds, including Summit Investment Advisors Inc. and BNP Paribas Financial Markets, have recently established new positions in FrontView REIT, reflecting growing institutional interest.
• Analysts have varied opinions on FrontView REIT, with JPMorgan and Bank of America downgrading their ratings and price targets, indicating caution among market experts.

Centersquare Investment Management LLC raised its position in FrontView REIT, Inc. (NYSE:FVR - Free Report) by 87.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,484 shares of the company's stock after purchasing an additional 76,894 shares during the quarter. Centersquare Investment Management LLC owned 0.95% of FrontView REIT worth $2,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FVR. Summit Investment Advisors Inc. purchased a new position in shares of FrontView REIT during the fourth quarter worth approximately $27,000. Tower Research Capital LLC TRC purchased a new position in shares of FrontView REIT during the fourth quarter worth approximately $34,000. FNY Investment Advisers LLC purchased a new position in shares of FrontView REIT during the first quarter worth approximately $25,000. New York State Common Retirement Fund purchased a new position in shares of FrontView REIT during the first quarter worth approximately $38,000. Finally, BNP Paribas Financial Markets bought a new position in shares of FrontView REIT during the fourth quarter valued at approximately $121,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FVR. JPMorgan Chase & Co. downgraded shares of 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 research note on Tuesday, June 17th. Wells Fargo & Company dropped their price objective on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley downgraded shares of FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price objective on the stock. in a research note on Friday, July 11th. Finally, Bank of America reiterated an "underperform" rating and set a $11.00 price objective (down from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.10.

FrontView REIT Price Performance

Shares of FVR opened at $11.90 on Wednesday. FrontView REIT, Inc. has a twelve month low of $10.61 and a twelve month high of $19.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The company has a 50 day moving average of $11.92 and a two-hundred day moving average of $13.45.

FrontView REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 7.2%. The ex-dividend date was Monday, June 30th.

About FrontView REIT

FrontView REIT specializes in real estate investing.

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