Northern Trust Corp Invests $2.11 Million in FrontView REIT, Inc. (NYSE:FVR)

Northern Trust Corp acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 116,119 shares of the company's stock, valued at approximately $2,105,000. Northern Trust Corp owned 0.72% of FrontView REIT as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. acquired a new position in FrontView REIT in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC acquired a new position in FrontView REIT in the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC acquired a new position in FrontView REIT in the fourth quarter valued at about $73,000. Quantbot Technologies LP acquired a new position in FrontView REIT in the fourth quarter valued at about $114,000. Finally, SG Americas Securities LLC acquired a new position in FrontView REIT in the fourth quarter valued at about $119,000.

Insider Buying and Selling

In related news, CEO Randall Starr bought 3,716 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the acquisition, the chief executive officer now owns 3,716 shares of the company's stock, valued at approximately $49,571.44. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FVR. Bank of America cut FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price for the company. in a research note on Tuesday, May 6th. Wells Fargo & Company decreased their target price on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.40.

FrontView REIT Stock Performance

Shares of FrontView REIT stock traded up $0.19 during trading on Thursday, reaching $11.54. The stock had a trading volume of 183,390 shares, compared to its average volume of 247,832. The stock has a fifty day moving average price of $12.04 and a two-hundred day moving average price of $15.68. FrontView REIT, Inc. has a 52 week low of $10.61 and a 52 week high of $19.76.

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

FrontView REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.86 annualized dividend and a yield of 7.45%.

About FrontView REIT

FrontView REIT specializes in real estate investing.