Invesco Ltd. Takes Position in FrontView REIT, Inc. $FVR

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. purchased a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 55,047 shares of the company's stock, valued at approximately $704,000. Invesco Ltd. owned 0.32% of FrontView REIT at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in FrontView REIT during the 4th quarter valued at about $34,000. FNY Investment Advisers LLC purchased a new position in shares of FrontView REIT during the 1st quarter worth approximately $25,000. New York State Common Retirement Fund purchased a new position in shares of FrontView REIT during the 1st quarter worth approximately $38,000. BNP Paribas Financial Markets acquired a new position in shares of FrontView REIT during the 4th quarter worth approximately $121,000. Finally, Sandia Investment Management LP acquired a new position in shares of FrontView REIT during the 4th quarter worth approximately $136,000.

Insider Buying and Selling at FrontView REIT

In related news, Director Elizabeth F. Frank acquired 2,808 shares of the business's stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the acquisition, the director directly owned 5,177 shares in the company, valued at approximately $64,401.88. The trade was a 118.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

FrontView REIT Trading Up 1.3%

FrontView REIT stock traded up $0.18 during trading on Wednesday, hitting $13.58. The company's stock had a trading volume of 189,090 shares, compared to its average volume of 176,160. The stock's fifty day moving average is $12.60 and its 200 day moving average is $12.66. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76. The stock has a market capitalization of $277.85 million and a price-to-earnings ratio of -12.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.73.

FrontView REIT Announces Dividend

The business also recently disclosed 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 6.3%. FrontView REIT's dividend payout ratio is currently -80.37%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.