FrontView REIT, Inc. $FVR Shares Bought by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its FrontView REIT stake by 6,163.9% in the first quarter, buying 80,131 additional shares to own 81,431 shares worth approximately $1.26 million, or 0.36% of the company.
• Analysts maintain a positive outlook, with FrontView REIT carrying a consensus “Moderate Buy” rating and an average price target of $22.50. Recent targets range from $21 to $23.
• FrontView REIT reported quarterly EPS of $0.03, exceeding estimates of $0.01, though revenue of $16.4 million fell short of the $18.31 million consensus. The company also announced a quarterly dividend of $0.215 per share, representing a 4.3% annualized yield.

Royal Bank of Canada grew its position in FrontView REIT, Inc. (NYSE:FVR - Free Report) by 6,163.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,431 shares of the company's stock after buying an additional 80,131 shares during the quarter. Royal Bank of Canada owned 0.36% of FrontView REIT worth $1,260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $30,000. Strs Ohio purchased a new position in FrontView REIT during the 1st quarter valued at about $35,000. Public Employees Retirement System of Ohio purchased a new position in FrontView REIT during the 4th quarter valued at about $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FrontView REIT by 13.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company's stock worth $116,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in FrontView REIT by 16.5% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company's stock worth $143,000 after acquiring an additional 1,348 shares during the last quarter.

Wall Street Analyst Weigh In

FVR has been the topic of several recent research reports. JonesTrading reaffirmed a "buy" rating and issued a $21.00 price target on shares of FrontView REIT in a report on Thursday, August 6th. Wolfe Research raised shares of FrontView REIT to a "strong-buy" rating in a research note on Monday, June 29th. Wells Fargo & Company lifted their price objective on FrontView REIT from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Citigroup reaffirmed a "buy" rating on shares of FrontView REIT in a research note on Wednesday, July 1st. Finally, Morgan Stanley increased their target price on FrontView REIT from $18.00 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.50.

FrontView REIT Trading Up 1.4%

Shares of FVR stock opened at $19.92 on Friday. The company has a market capitalization of $487.24 million, a price-to-earnings ratio of 664.00, a PEG ratio of 1.10 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $20.36 and a 200 day moving average price of $18.12. FrontView REIT, Inc. has a twelve month low of $12.85 and a twelve month high of $22.29.

FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $16.40 million for the quarter, compared to analysts' expectations of $18.31 million. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. Research analysts forecast that FrontView REIT, Inc. will post 1.21 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 4.3%. FrontView REIT's dividend payout ratio is presently 2,866.67%.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.

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