Squarepoint Ops LLC bought a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 50,990 shares of the company's stock, valued at approximately $924,000. Squarepoint Ops LLC owned 0.32% of FrontView REIT at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in FrontView REIT in the fourth quarter worth about $26,597,000. Citadel Advisors LLC acquired a new position in FrontView REIT in the fourth quarter worth about $15,410,000. Millennium Management LLC acquired a new position in FrontView REIT in the fourth quarter worth about $13,525,000. Cbre Investment Management Listed Real Assets LLC acquired a new position in FrontView REIT in the fourth quarter worth about $12,626,000. Finally, Janus Henderson Group PLC acquired a new position in FrontView REIT in the fourth quarter worth about $11,916,000.
Insider Activity
In related news, CEO Randall Starr purchased 3,716 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the acquisition, the chief executive officer now directly owns 3,716 shares in the company, valued at approximately $49,571.44. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on FVR shares. Bank of America downgraded 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, FrontView REIT presently has an average rating of "Moderate Buy" and a consensus price target of $19.40.
Read Our Latest Research Report on FVR
FrontView REIT Price Performance
Shares of NYSE:FVR traded up $0.19 during midday trading on Thursday, hitting $11.44. 258,657 shares of the stock were exchanged, compared to its average volume of 247,600. FrontView REIT, Inc. has a 52-week low of $10.61 and a 52-week high of $19.76. The business's fifty day simple moving average is $11.84 and its two-hundred day simple moving average is $15.37.
FrontView REIT (NYSE:FVR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. As a group, sell-side analysts predict that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.
FrontView REIT Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Monday, June 30th.
About FrontView REIT
(
Free Report)
FrontView REIT specializes in real estate investing.
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