FrontView REIT, Inc. (NYSE:FVR) Receives $15.10 Consensus PT from Analysts

Key Points

• FrontView REIT, Inc. has received a consensus rating of "Hold" from five analysts, with one sell rating, two hold ratings, and two buy ratings, and an average price target of $15.10.
• The company announced a quarterly dividend of $0.215 per share, resulting in an annualized yield of 6.3%, with the ex-dividend date set for September 30th.
• Recent institutional investments include multiple funds acquiring stakes in FrontView REIT, indicating growing interest from institutional investors in the firm.

FrontView REIT, Inc. (NYSE:FVR - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are currently covering the company, Marketbeat.com reports. One investment 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. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.10.

Several equities research analysts recently commented on FVR shares. Wall Street Zen upgraded FrontView REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Bank of America reissued an "underperform" rating and issued a $11.00 price target (down from $15.00) on shares of FrontView REIT in a report on Tuesday, June 17th. Morgan Stanley cut FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price target on the stock. in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut FrontView REIT from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $14.00 to $12.00 in a report on Tuesday, June 17th.

Insider Activity at FrontView REIT

In other FrontView REIT news, Director Elizabeth F. Frank purchased 2,808 shares of the firm's stock in a transaction on Friday, August 15th. The stock was bought at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the purchase, the director owned 5,177 shares in the company, valued at $64,401.88. This represents a 118.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its position in shares of 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 buying an additional 144,040 shares in the last quarter. Man Group plc acquired a new position in shares of FrontView REIT in the 2nd quarter valued at $628,000. BNP Paribas Financial Markets lifted its stake in shares of FrontView REIT by 199.6% in the 2nd 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 last quarter. Bank of America Corp DE lifted its stake in shares of FrontView REIT by 28.4% in the 2nd 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 last quarter. Finally, Raymond James Financial Inc. acquired a new position in FrontView REIT during the 2nd quarter worth about $191,000.

FrontView REIT Stock Up 0.4%

FrontView REIT stock traded up $0.05 on Friday, hitting $13.47. 240,522 shares of the stock traded hands, compared to its average volume of 204,194. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a market cap of $275.60 million and a P/E ratio of -12.59. The business's fifty day simple moving average is $12.36 and its 200 day simple moving average is $12.93. FrontView REIT has a 1 year low of $10.61 and a 1 year high of $19.76.

FrontView REIT Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a dividend 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.