Two Sigma Investments LP Invests $1.71 Million in FrontView REIT, Inc. (NYSE:FVR)

Two Sigma Investments LP acquired a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 94,120 shares of the company's stock, valued at approximately $1,706,000. Two Sigma Investments LP owned 0.59% of FrontView REIT at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp acquired a new stake in FrontView REIT during the fourth quarter worth approximately $2,105,000. Citadel Advisors LLC bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $15,410,000. Deutsche Bank AG acquired a new stake in shares of FrontView REIT during the 4th quarter worth approximately $374,000. JPMorgan Chase & Co. acquired a new stake in shares of FrontView REIT during the 4th quarter worth approximately $736,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of FrontView REIT in the 4th quarter valued at $754,000.

Insider Activity

In related news, CEO Randall Starr acquired 3,716 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares in the company, valued at $49,571.44. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FVR. Bank of America downgraded shares of FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price on the stock. in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their price target on shares of 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.40.

FrontView REIT Trading Up 0.6%

FrontView REIT stock traded up $0.07 during mid-day trading on Friday, reaching $11.57. The stock had a trading volume of 264,705 shares, compared to its average volume of 247,701. FrontView REIT, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The stock's 50-day simple moving average is $11.82 and its 200-day simple moving average is $15.32.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, equities analysts anticipate that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Monday, June 30th.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.