Zimmer Partners LP Acquires Shares of 1,300,100 FrontView REIT, Inc. (NYSE:FVR)

Zimmer Partners LP acquired a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,300,100 shares of the company's stock, valued at approximately $23,571,000. Zimmer Partners LP owned approximately 8.09% of FrontView REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. purchased a new position in FrontView REIT in the fourth quarter worth $27,000. Tower Research Capital LLC TRC purchased a new position in FrontView REIT in the fourth quarter worth $34,000. Nisa Investment Advisors LLC purchased a new position in FrontView REIT in the fourth quarter worth $73,000. Quantbot Technologies LP acquired a new stake in FrontView REIT in the fourth quarter valued at $114,000. Finally, SG Americas Securities LLC acquired a new stake in FrontView REIT in the fourth quarter valued at $119,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on FVR shares. Wells Fargo & Company lowered their target price on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America lowered FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price on the stock. in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.40.

FrontView REIT Stock Down 0.4%

FrontView REIT stock traded down $0.05 during trading hours on Friday, hitting $11.20. The stock had a trading volume of 305,957 shares, compared to its average volume of 248,621. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76. The stock's fifty day moving average is $12.19 and its two-hundred day moving average is $15.81.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 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 analyst estimates of $15.45 million. Analysts predict that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.215 per share. The ex-dividend date is Monday, June 30th. This represents a $0.86 annualized dividend and a dividend yield of 7.68%.

Insider Activity at FrontView REIT

In related news, CEO Randall Starr bought 3,716 shares of the company's stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.30% of the company's stock.

About FrontView REIT

FrontView REIT specializes in real estate investing.