18,995 Shares in FrontView REIT, Inc. $FVR Acquired by Nuveen LLC

Key Points

• Nuveen LLC recently acquired a stake in FrontView REIT, purchasing 18,995 shares valued at approximately $243,000, representing 0.11% of the company.
• Multiple hedge funds have also entered positions in FrontView REIT, with significant investments from Northern Trust Corp and Citadel Advisors LLC, among others.
• FrontView REIT's stock has received several analyst downgrades with a consensus rating of "Hold" and an average price target of $15.10, while it currently trades at $13.39.

Nuveen LLC bought a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,995 shares of the company's stock, valued at approximately $243,000. Nuveen LLC owned 0.11% of FrontView REIT as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FVR. FNY Investment Advisers LLC acquired a new stake in shares of FrontView REIT during the first quarter worth about $25,000. Tower Research Capital LLC TRC purchased a new position in FrontView REIT during the fourth quarter valued at approximately $34,000. New York State Common Retirement Fund purchased a new position in FrontView REIT during the first quarter valued at approximately $38,000. BNP Paribas Financial Markets purchased a new position in FrontView REIT during the fourth quarter valued at approximately $121,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in FrontView REIT during the first quarter valued at approximately $128,000.

FrontView REIT Price Performance

Shares of FrontView REIT stock traded up $0.19 on Thursday, reaching $13.76. The company's stock had a trading volume of 99,184 shares, compared to its average volume of 173,429. The company has a market capitalization of $281.53 million and a P/E ratio of -12.86. FrontView REIT, Inc. has a 52-week low of $10.61 and a 52-week high of $19.76. The stock has a 50-day moving average price of $12.63 and a 200-day moving average price of $12.64. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63.

FrontView REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. FrontView REIT's payout ratio is presently -80.37%.

Insider Activity at FrontView REIT

In other news, Director Elizabeth F. Frank purchased 2,808 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the transaction, the director owned 5,177 shares of the company's stock, valued at $64,401.88. This trade represents a 118.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FVR shares. Wall Street Zen cut FrontView REIT from a "hold" rating to a "sell" rating in a research report on Sunday, August 31st. Bank of America reiterated an "underperform" rating and set a $11.00 price target (down from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. JPMorgan Chase & Co. cut FrontView REIT from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $12.00 in a research report on Tuesday, June 17th. Finally, Morgan Stanley cut 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. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.10.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.