FrontView REIT, Inc. (NYSE:FVR) to Issue $0.22 Quarterly Dividend

Key Points

• FrontView REIT, Inc. has declared a quarterly dividend of $0.22 per share, with an annualized yield of 6.7%, scheduled for payment on October 15th to shareholders on record as of September 30th.
• The company's stock increased by $0.47 to reach $12.78 during trading hours, with a trading volume significantly higher than its average.
• Recent institutional investments include multiple new positions, including FNY Investment Advisers and Summit Investment Advisors, reflecting interest from larger investors in FrontView REIT.

FrontView REIT, Inc. (NYSE:FVR - Get Free Report) declared a quarterly dividend on Thursday, August 14th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.215 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, September 30th.

FrontView REIT Trading Up 2.8%

Shares of NYSE:FVR traded up $0.3550 during mid-day trading on Tuesday, reaching $13.0150. 157,466 shares of the company's stock were exchanged, compared to its average volume of 187,586. The firm has a market capitalization of $248.46 million and a price-to-earnings ratio of -12.16. The business's fifty day moving average price is $12.10 and its 200-day moving average price is $13.10. 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 has a twelve month low of $10.61 and a twelve month high of $19.76.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FVR. JPMorgan Chase & Co. lowered shares of 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 objective for the company. in a research report on Friday, July 11th. Finally, Bank of America reissued an "underperform" rating and issued a $11.00 price objective (down from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FrontView REIT presently has a consensus rating of "Hold" and a consensus target price of $15.10.

About FrontView REIT

FrontView REIT specializes in real estate investing.