Insider Buying: FrontView REIT (NYSE:FVR) Director Purchases 2,808 Shares of 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 acquired 2,808 shares of the company's stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the acquisition, the director owned 5,177 shares of the company's stock, valued at approximately $64,401.88. The trade was a 118.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

FrontView REIT Stock Performance

Shares of FVR stock traded up $0.12 during mid-day trading on Wednesday, hitting $13.14. 342,105 shares of the stock were exchanged, compared to its average volume of 187,729. The stock's fifty day simple moving average is $12.13 and its two-hundred day simple moving average is $13.10. The stock has a market capitalization of $250.84 million and a price-to-earnings ratio of -12.28. FrontView REIT, Inc. has a 12-month low of $10.61 and a 12-month high of $19.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.17 and a current ratio of 0.73.

FrontView REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.215 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 6.5%. FrontView REIT's dividend payout ratio is -80.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FVR. JPMorgan Chase & Co. downgraded shares of FrontView REIT from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $14.00 to $12.00 in a research note on Tuesday, June 17th. Morgan Stanley downgraded shares of FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 target price for the company. in a research note on Friday, July 11th. Finally, Bank of America reiterated an "underperform" rating and set a $11.00 target price (down previously from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $15.10.

Institutional Investors Weigh In On FrontView REIT

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its position in FrontView REIT by 628.9% in the second quarter. Corient Private Wealth LLC now owns 166,942 shares of the company's stock valued at $2,003,000 after purchasing an additional 144,040 shares during the period. Man Group plc acquired a new stake in FrontView REIT in the second quarter valued at about $628,000. BNP Paribas Financial Markets lifted its position in FrontView REIT by 199.6% in the second quarter. BNP Paribas Financial Markets now owns 45,860 shares of the company's stock valued at $550,000 after purchasing an additional 30,551 shares during the period. Bank of America Corp DE lifted its position in FrontView REIT by 28.4% in the second quarter. Bank of America Corp DE now owns 129,719 shares of the company's stock valued at $1,557,000 after purchasing an additional 28,660 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in FrontView REIT in the second quarter valued at about $191,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.