55,047 Shares in FrontView REIT, Inc. $FVR Bought by Invesco Ltd.

Key Points

• Invesco Ltd. has acquired a new stake in FrontView REIT, Inc., purchasing 55,047 shares valued at approximately $704,000, representing about 0.32% of the company.
• FrontView REIT announced a quarterly dividend of $0.215 per share, with an annualized yield of 6.5%, set to be paid on October 15th.
• Recent analyst ratings have been largely negative, with multiple firms including JPMorgan Chase and Bank of America downgrading their ratings, reflecting concerns about the stock's performance.

Invesco Ltd. acquired a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,047 shares of the company's stock, valued at approximately $704,000. Invesco Ltd. owned about 0.32% of FrontView REIT as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in FVR. Zimmer Partners LP purchased a new position in FrontView REIT during the 4th quarter worth approximately $23,571,000. Citadel Advisors LLC purchased a new position in FrontView REIT during the 4th quarter worth approximately $15,410,000. Millennium Management LLC purchased a new position in FrontView REIT during the 4th quarter worth approximately $13,525,000. Janus Henderson Group PLC purchased a new position in FrontView REIT during the 4th quarter worth approximately $11,916,000. Finally, Woodline Partners LP purchased a new position in FrontView REIT during the 4th quarter worth approximately $8,285,000.

FrontView REIT Price Performance

Shares of FrontView REIT stock traded up $0.15 during trading on Friday, reaching $13.39. The company's stock had a trading volume of 116,624 shares, compared to its average volume of 185,255. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. FrontView REIT, Inc. has a 12-month low of $10.61 and a 12-month high of $19.76. The company has a market capitalization of $273.93 million and a P/E ratio of -12.51. The business has a 50 day moving average price of $12.53 and a 200-day moving average price of $12.71.

FrontView REIT Dividend Announcement

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

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, Director Elizabeth F. Frank purchased 2,808 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the purchase, the director directly owned 5,177 shares in the company, valued at $64,401.88. This represents a 118.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

About FrontView REIT

FrontView REIT specializes in real estate investing.