Millennium Management LLC Purchases New Position in FrontView REIT, Inc. (NYSE:FVR)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FrontView REIT in the fourth quarter valued at $147,000. Janus Henderson Group PLC acquired a new stake in FrontView REIT during the 4th quarter worth about $11,916,000. Deutsche Bank AG acquired a new stake in FrontView REIT during the 4th quarter worth about $374,000. Citadel Advisors LLC acquired a new stake in FrontView REIT during the 4th quarter worth about $15,410,000. Finally, Bank of America Corp DE acquired a new stake in FrontView REIT during the 4th quarter worth about $2,465,000.

Insider Transactions at FrontView REIT

In related news, CEO Randall Starr acquired 3,716 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of $13.34 per share, with a total value of $49,571.44. Following the transaction, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FVR shares. Bank of America downgraded FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price target for the company. in a report on Tuesday, May 6th. Wells Fargo & Company decreased their price target on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.40.

FrontView REIT Price Performance

Shares of FVR stock traded up $0.17 on Tuesday, reaching $11.40. 232,391 shares of the company were exchanged, compared to its average volume of 248,521. The company has a 50-day moving average of $12.12 and a 200-day moving average of $15.74. 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 data 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 firm had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. Equities research analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.215 per share. The ex-dividend date is Monday, June 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.54%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.