FrontView REIT (NYSE:FVR - Get Free Report) was downgraded by equities researchers at Bank of America from a "buy" rating to a "neutral" rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $15.00 target price on the stock. Bank of America's target price would suggest a potential upside of 27.12% from the stock's current price.
Separately, Wells Fargo & Company dropped their price target on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.40.
View Our Latest Report on FrontView REIT
FrontView REIT Stock Performance
Shares of FrontView REIT stock traded up $0.21 on Tuesday, hitting $11.80. The stock had a trading volume of 155,684 shares, compared to its average volume of 249,785. The stock has a 50 day moving average of $12.90 and a 200 day moving average of $16.32. FrontView REIT has a twelve month low of $10.61 and a twelve month high of $19.76.
FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million during the quarter, compared to analysts' expectations of $15.45 million. On average, equities research analysts predict that FrontView REIT will post 1.22 earnings per share for the current year.
Insider Transactions at FrontView REIT
In other news, CEO Randall Starr acquired 3,716 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, for a total transaction of $49,571.44. Following 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hedge Funds Weigh In On FrontView REIT
Several institutional investors have recently modified their holdings of FVR. FNY Investment Advisers LLC purchased a new stake in shares of FrontView REIT during the 1st quarter valued at $25,000. Summit Investment Advisors Inc. bought a new stake in FrontView REIT in the fourth quarter worth about $27,000. Tower Research Capital LLC TRC purchased a new position in FrontView REIT in the fourth quarter valued at about $34,000. New York State Common Retirement Fund bought a new stake in shares of FrontView REIT in the 1st quarter worth approximately $38,000. Finally, Nisa Investment Advisors LLC purchased a new position in FrontView REIT in the fourth quarter valued at approximately $73,000.
About FrontView REIT
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FrontView REIT specializes in real estate investing.
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