Analysts Set FrontView REIT, Inc. (NYSE:FVR) Target Price at $15.10

Key Points

• FrontView REIT, Inc. has received an average rating of "Hold" from five research firms, with varying recommendations including one 'sell', two 'hold', and two 'buy' ratings.
• Shares of FrontView REIT recently traded at $13.57, reflecting a 0.8% decrease, with a twelve-month price target averaging $15.10 among analysts.
• The company announced a quarterly dividend of $0.215, representing a 6.3% dividend yield, with the payment scheduled for October 15th.

Shares of FrontView REIT, Inc. (NYSE:FVR - Get Free Report) have earned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has 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 12-month price objective among analysts that have covered the stock in the last year is $15.10.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered FrontView REIT from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $14.00 to $12.00 in a report on Tuesday, June 17th. Morgan Stanley lowered FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price target for the company. in a report on Friday, July 11th. Bank of America reiterated an "underperform" rating and set a $11.00 price target (down from $15.00) on shares of FrontView REIT in a report on Tuesday, June 17th. Finally, Wall Street Zen cut FrontView REIT from a "hold" rating to a "sell" rating in a research report on Sunday, August 31st.

Insider Activity

In related news, Director Elizabeth F. Frank purchased 2,808 shares of the 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 completion of the transaction, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.30% of the company's stock.

Institutional Trading of FrontView REIT

A number of large investors have recently bought and sold shares of FVR. Northern Trust Corp bought a new stake in FrontView REIT in the fourth quarter valued at $2,105,000. BNP Paribas Financial Markets bought a new stake in FrontView REIT in the fourth quarter valued at $121,000. Bank of America Corp DE bought a new stake in FrontView REIT in the fourth quarter valued at $2,465,000. Deutsche Bank AG bought a new stake in FrontView REIT in the fourth quarter valued at $374,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in FrontView REIT in the fourth quarter valued at $147,000.

FrontView REIT Stock Performance

Shares of FVR stock traded up $0.19 during trading hours on Wednesday, reaching $13.78. 557,084 shares of the company's stock were exchanged, compared to its average volume of 145,267. FrontView REIT 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 $281.94 million and a P/E ratio of -12.88. The business has a fifty day moving average price of $12.81 and a 200-day moving average price of $12.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63.

FrontView REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 6.2%. FrontView REIT's payout ratio is currently -80.37%.

About FrontView REIT

FrontView REIT specializes in real estate investing.