Millennium Management LLC Makes New $13.53 Million Investment in FrontView REIT, Inc. (NYSE:FVR)

Millennium Management LLC purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 745,982 shares of the company's stock, valued at approximately $13,525,000. Millennium Management LLC owned approximately 4.64% of FrontView REIT at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FVR. JPMorgan Chase & Co. bought a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $736,000. Citadel Advisors LLC bought a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $15,410,000. Charles Schwab Investment Management Inc. bought a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $754,000. Renaissance Technologies LLC acquired a new stake in shares of FrontView REIT in the 4th quarter valued at $751,000. Finally, Northern Trust Corp acquired a new stake in shares of FrontView REIT in the 4th quarter valued at $2,105,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FVR. Bank of America downgraded shares of FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price on the stock. in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their target price 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.40.

Insiders Place Their Bets

In other news, CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The shares were purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the acquisition, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.30% of the company's stock.

FrontView REIT Stock Performance

Shares of FrontView REIT stock traded down $0.03 during trading on Wednesday, reaching $11.38. The company's stock had a trading volume of 122,985 shares, compared to its average volume of 247,786. The stock has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $15.71. FrontView REIT, Inc. has a one year low of $10.61 and a one year high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. On average, research analysts anticipate that FrontView REIT, Inc. will post 1.22 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 Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 7.56%. The ex-dividend date is Monday, June 30th.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.