FrontView REIT, Inc. (NYSE:FVR) Director Buys $34,931.52 in Stock

Key Points

• Director Elizabeth F. Frank of FrontView REIT purchased 2,808 shares at an average price of $12.44, increasing her stake by 118.53%.
• The firm declared a quarterly dividend of $0.215 per share, with a dividend yield of 6.9%, to be paid on October 15th.
• FrontView REIT's stock received mixed ratings from analysts, with targets ranging from $11.00 to $15.10 and an overall "Hold" rating.

FrontView REIT, Inc. (NYSE:FVR - Get Free Report) Director Elizabeth F. Frank purchased 2,808 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the transaction, the director directly owned 5,177 shares of the company's stock, valued at $64,401.88. The trade was a 118.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FrontView REIT Trading Down 2.9%

FrontView REIT stock traded down $0.37 during midday trading on Friday, hitting $12.41. 113,500 shares of the stock were exchanged, compared to its average volume of 208,837. FrontView REIT, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The stock has a market capitalization of $236.91 million and a price-to-earnings ratio of -11.60. The stock's 50-day simple moving average is $12.04 and its 200 day simple moving average is $13.23. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.9%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FVR shares. Bank of America reissued an "underperform" rating and issued a $11.00 target price (down from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. Morgan Stanley lowered FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price objective on the stock. in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. lowered FrontView REIT from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $14.00 to $12.00 in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $15.10.

Hedge Funds Weigh In On FrontView REIT

A number of hedge funds have recently modified their holdings of FVR. JPMorgan Chase & Co. purchased a new position in shares of FrontView REIT during the 4th quarter worth $736,000. Geode Capital Management LLC purchased a new position in shares of FrontView REIT during the 4th quarter worth $5,869,000. Wells Fargo & Company MN purchased a new position in shares of FrontView REIT during the 4th quarter worth $154,000. Envestnet Asset Management Inc. purchased a new position in shares of FrontView REIT during the 4th quarter worth $575,000. Finally, Renaissance Technologies LLC purchased a new position in shares of FrontView REIT during the 4th quarter worth $751,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.

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