Point72 Asset Management L.P. Invests $462,000 in FrontView REIT, Inc. (NYSE:FVR)

Point72 Asset Management L.P. bought a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,505 shares of the company's stock, valued at approximately $462,000. Point72 Asset Management L.P. owned 0.16% of FrontView REIT at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FVR. Alyeska Investment Group L.P. purchased a new stake in shares of FrontView REIT in the fourth quarter worth about $26,597,000. Citadel Advisors LLC purchased a new position in FrontView REIT in the fourth quarter valued at about $15,410,000. Millennium Management LLC purchased a new position in FrontView REIT in the fourth quarter valued at about $13,525,000. Cbre Investment Management Listed Real Assets LLC purchased a new position in FrontView REIT in the fourth quarter valued at about $12,626,000. Finally, Janus Henderson Group PLC purchased a new position in FrontView REIT in the fourth quarter valued at about $11,916,000.

FrontView REIT Trading Up 1.1%

NYSE FVR traded up $0.12 on Thursday, hitting $11.47. 51,867 shares of the stock traded hands, compared to its average volume of 247,001. The stock has a 50-day moving average of $12.04 and a 200 day moving average of $15.68. FrontView REIT, Inc. has a twelve month low of $10.61 and a twelve month high of $19.76.

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

FrontView REIT Announces Dividend

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 paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Monday, June 30th.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FVR. Wells Fargo & Company reduced 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. 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.40.

Insider Buying and Selling at FrontView REIT

In related news, CEO Randall Starr purchased 3,716 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, the chief executive officer now 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by insiders.

About FrontView REIT

FrontView REIT specializes in real estate investing.