FrontView REIT (NYSE:FVR) Downgraded by JPMorgan Chase & Co. to Neutral

FrontView REIT (NYSE:FVR - Get Free Report) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $12.00 price target on the stock, down from their previous price target of $14.00. JPMorgan Chase & Co.'s price objective indicates a potential upside of 4.56% from the stock's previous close.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company lowered their price target on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America lowered FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 target price on the stock. in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, FrontView REIT presently has a consensus rating of "Moderate Buy" and an average price target of $17.60.

FrontView REIT Price Performance

FVR stock opened at $11.48 on Tuesday. The firm has a fifty day moving average price of $11.82 and a 200 day moving average price of $14.96. FrontView REIT has a fifty-two week low of $10.61 and a fifty-two week high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million for the quarter, compared to analysts' expectations of $15.45 million. As a group, research analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.

Insider Transactions at FrontView REIT

In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On FrontView REIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp acquired a new position in FrontView REIT in the fourth quarter valued at approximately $2,105,000. Citadel Advisors LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth about $15,410,000. Deutsche Bank AG acquired a new position in shares of FrontView REIT in the 4th quarter worth approximately $374,000. JPMorgan Chase & Co. acquired a new position in shares of FrontView REIT during the fourth quarter valued at $736,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in FrontView REIT in the fourth quarter worth about $754,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.

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