FrontView REIT, Inc. (NYSE:FVR) Given Average Recommendation of "Hold" by Brokerages

Key Points

• FrontView REIT, Inc. has received an average rating of "Hold" from six analysts, with price targets ranging from $11.00 to $15.70.
• Director Elizabeth F. Frank recently purchased 2,808 shares at $12.44 each, increasing her ownership by 118.53% to a total of 5,177 shares.
• The company has announced a quarterly dividend of $0.215 per share, which equates to an annual yield of 6.4% and a payout ratio of -80.37%.

FrontView REIT, Inc. (NYSE:FVR - Get Free Report) has been assigned an average rating of "Hold" from the six analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.70.

Several analysts recently commented on the stock. Morgan Stanley downgraded shares of FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price target for the company. in a research report on Friday, July 11th. Wall Street Zen downgraded shares of FrontView REIT from a "hold" rating to a "sell" rating in a research report on Sunday, August 31st. Bank of America reiterated an "underperform" rating and issued a $11.00 price target (down previously from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of FrontView REIT in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of FrontView REIT from $12.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd.

Insider Buying and Selling

In other news, Director Elizabeth F. Frank acquired 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, for a total transaction of $34,931.52. Following the transaction, the director owned 5,177 shares in the company, valued at $64,401.88. This represents a 118.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On FrontView REIT

Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in FrontView REIT during the 1st quarter worth $25,000. Strs Ohio purchased a new position in FrontView REIT during the 1st quarter worth $35,000. New York State Common Retirement Fund acquired a new position in shares of FrontView REIT during the 1st quarter worth $38,000. Resona Asset Management Co. Ltd. acquired a new position in shares of FrontView REIT during the 1st quarter worth $83,000. Finally, CWM LLC grew its stake in shares of FrontView REIT by 18,067.6% during the 2nd quarter. CWM LLC now owns 6,722 shares of the company's stock worth $81,000 after purchasing an additional 6,685 shares during the period.

FrontView REIT Stock Down 1.5%

Shares of NYSE:FVR opened at $13.49 on Friday. The company has a market capitalization of $276.01 million and a PE ratio 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. FrontView REIT has a twelve month low of $10.61 and a twelve month high of $19.76. The firm has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $12.39.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given 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 yield of 6.4%. FrontView REIT's dividend payout ratio is presently -80.37%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.

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