FrontView REIT, Inc. $FVR Shares Sold by Zimmer Partners LP

Key Points

• Zimmer Partners LP has reduced its stake in FrontView REIT, Inc. by 1.5%, selling 19,549 shares and owning approximately 1,280,551 shares valued at $16.38 million.
• FrontView REIT announced a quarterly dividend of $0.215 per share, with an annualized yield of 6.4%, payable on October 15th.
• Analysts have downgraded FrontView REIT, with Morgan Stanley setting a new price target of $13.50 and Bank of America lowering its target to $11.00.

Zimmer Partners LP lowered its holdings in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,280,551 shares of the company's stock after selling 19,549 shares during the quarter. Zimmer Partners LP owned approximately 7.41% of FrontView REIT worth $16,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in shares of FrontView REIT in the first quarter valued at approximately $25,000. Tower Research Capital LLC TRC purchased a new position in shares of FrontView REIT in the fourth quarter valued at approximately $34,000. New York State Common Retirement Fund purchased a new position in shares of FrontView REIT in the first quarter valued at approximately $38,000. Resona Asset Management Co. Ltd. purchased a new position in shares of FrontView REIT in the first quarter valued at approximately $83,000. Finally, Quantbot Technologies LP lifted its position in shares of FrontView REIT by 37.9% in the first quarter. Quantbot Technologies LP now owns 8,674 shares of the company's stock valued at $111,000 after acquiring an additional 2,384 shares in the last quarter.

FrontView REIT Trading Down 0.4%

FVR stock traded down $0.05 during midday trading on Friday, hitting $13.71. 77,713 shares of the company's stock were exchanged, compared to its average volume of 162,565. The business has a 50-day simple moving average of $12.65 and a two-hundred day simple moving average of $12.61. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $280.49 million and a PE ratio of -12.81. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76.

FrontView REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.86 annualized dividend and a yield of 6.3%. FrontView REIT's dividend payout ratio (DPR) is -80.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley downgraded FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 target price on the stock. in a research report on Friday, July 11th. JPMorgan Chase & Co. downgraded FrontView REIT from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $14.00 to $12.00 in a research report on Tuesday, June 17th. Wall Street Zen downgraded FrontView REIT from a "hold" rating to a "sell" rating in a research report on Sunday, August 31st. Finally, Bank of America reiterated an "underperform" rating and set a $11.00 price objective (down previously from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.10.

Insider Transactions at FrontView REIT

In other FrontView REIT news, Director Elizabeth F. Frank bought 2,808 shares of the business's stock in a transaction on Friday, August 15th. The stock was bought at an average price of $12.44 per share, with a total value of $34,931.52. Following the completion of the purchase, the director directly owned 5,177 shares in the company, valued at $64,401.88. The trade was a 118.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is currently owned by company insiders.

About FrontView REIT

FrontView REIT specializes in real estate investing.