Millennium Management LLC Buys Shares of 745,982 FrontView REIT, Inc. (NYSE:FVR)

Millennium Management LLC bought a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 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 filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. bought a new stake in FrontView REIT during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC bought a new stake in FrontView REIT during the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC bought a new stake in FrontView REIT during the fourth quarter valued at about $73,000. Quantbot Technologies LP bought a new stake in FrontView REIT during the fourth quarter valued at about $114,000. Finally, SG Americas Securities LLC bought a new stake in FrontView REIT during the fourth quarter valued at about $119,000.

Insider Buying and Selling

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was acquired at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the transaction, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at approximately $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 the SEC website. 4.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FVR has been the topic of a number of recent analyst reports. Bank of America cut FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price target on the stock. in a report on Tuesday, May 6th. Wells Fargo & Company reduced their target price on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report 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 has an average rating of "Moderate Buy" and a consensus price target of $19.40.

FrontView REIT Trading Up 0.5%

Shares of FVR stock traded up $0.06 during trading hours on Thursday, hitting $11.41. The stock had a trading volume of 34,028 shares, compared to its average volume of 183,728. FrontView REIT, Inc. has a one year low of $10.61 and a one year high of $19.76. The stock's 50-day moving average price is $12.04 and its two-hundred day moving average price is $15.68.

FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. Equities research analysts predict that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Dividend Announcement

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

FrontView REIT Profile

FrontView REIT specializes in real estate investing.