25,761 Shares in FrontView REIT, Inc. $FVR Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in FrontView REIT, Inc. worth approximately $329,000, purchasing 25,761 shares in the 1st quarter.
• The company recently declared a quarterly dividend of $0.215 per share, resulting in a 6.3% yield, with payment scheduled for October 15th.
• FrontView REIT's stock has seen analysts downgrade their ratings and adjust price targets, with a consensus target of $15.10 and an average rating of "Hold."

Cubist Systematic Strategies LLC acquired a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,761 shares of the company's stock, valued at approximately $329,000. Cubist Systematic Strategies LLC owned 0.15% of FrontView REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in shares of FrontView REIT during the 4th quarter valued at approximately $34,000. Northern Trust Corp bought a new stake in shares of FrontView REIT during the fourth quarter valued at approximately $2,105,000. BNP Paribas Financial Markets bought a new stake in FrontView REIT during the 4th quarter valued at $121,000. Bank of America Corp DE bought a new stake in shares of FrontView REIT in the fourth quarter valued at about $2,465,000. Finally, Deutsche Bank AG bought a new stake in shares of FrontView REIT in the 4th quarter valued at about $374,000.

Insider Activity at FrontView REIT

In related news, Director Elizabeth F. Frank bought 2,808 shares of the business's stock in a transaction dated Friday, August 15th. The stock was acquired at an average price of $12.44 per share, with a total value of $34,931.52. Following the completion of the purchase, the director directly owned 5,177 shares of the company's stock, valued at approximately $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 through the SEC website. 4.30% of the stock is owned by corporate insiders.

FrontView REIT Price Performance

NYSE FVR traded down $0.29 on Wednesday, hitting $13.28. The company had a trading volume of 234,789 shares, compared to its average volume of 155,852. The company has a market capitalization of $271.61 million and a PE ratio of -12.41. The company's fifty day moving average price is $12.75 and its 200-day moving average price is $12.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.73. FrontView REIT, Inc. has a 12-month low of $10.61 and a 12-month high of $19.76.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.5%. FrontView REIT's payout ratio is currently -80.37%.

Analyst Upgrades and Downgrades

FVR has been the subject of a number of recent research reports. Bank of America reiterated an "underperform" rating and issued a $11.00 target price (down from $15.00) on shares of FrontView REIT in a report on Tuesday, June 17th. Wall Street Zen downgraded FrontView REIT from a "hold" rating to a "sell" rating in a research report on Sunday, August 31st. Morgan Stanley cut shares of FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 target price for the company. in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut FrontView REIT from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $12.00 in a research report on Tuesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.10.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.