Woodline Partners LP Takes Position in FrontView REIT, Inc. (NYSE:FVR)

Woodline Partners LP purchased a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 456,974 shares of the company's stock, valued at approximately $8,285,000. Woodline Partners LP owned approximately 2.84% of FrontView REIT as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. acquired a new stake in shares of FrontView REIT during the fourth quarter worth approximately $27,000. Tower Research Capital LLC TRC acquired a new stake in shares of FrontView REIT during the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC acquired a new stake in shares of FrontView REIT during the fourth quarter worth approximately $73,000. Quantbot Technologies LP acquired a new stake in shares of FrontView REIT during the fourth quarter worth approximately $114,000. Finally, SG Americas Securities LLC acquired a new stake in shares of FrontView REIT during the fourth quarter worth approximately $119,000.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The shares were 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 owns 3,716 shares in the company, valued at $49,571.44. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FVR. Wells Fargo & Company dropped their price objective on shares of 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 lowered shares of FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price objective for the company. in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FrontView REIT has an average rating of "Moderate Buy" and a consensus price target of $19.40.

FrontView REIT Stock Performance

Shares of FrontView REIT stock traded down $0.08 during midday trading on Wednesday, reaching $11.32. The company had a trading volume of 50,176 shares, compared to its average volume of 247,330. The stock has a fifty day simple moving average of $12.08 and a 200 day simple moving average of $15.71. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.215 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.86 dividend on an annualized basis and a yield of 7.60%.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.