FrontView REIT (NYSE:FVR) Now Covered by Analysts at Huntington

Key Points

• Huntington initiated coverage on FrontView REIT with an outperform rating and a $22.50 price target, implying about 4.9% upside from the prior close.
• Other firms have recently been mixed but generally positive on the stock, including JPMorgan, Wells Fargo, Wolfe Research, and Compass Point. MarketBeat says the overall consensus rating is Moderate Buy with an average price target of $21.39.
• FrontView REIT shares were trading around $21.45, near their 52-week high of $21.50, and the company has a market value of about $485.8 million.

Equities research analysts at Huntington started coverage on shares of FrontView REIT (NYSE:FVR - Get Free Report) in a research note issued to investors on Wednesday. The firm set an "outperform" rating and a $22.50 price target on the stock. Huntington's target price points to a potential upside of 4.90% from the company's previous close.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of FrontView REIT from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. Wolfe Research upgraded shares of FrontView REIT to a "strong-buy" rating in a research note on Monday, June 29th. Compass Point began coverage on shares of FrontView REIT in a report on Monday, June 1st. They set a "buy" rating and a $21.00 target price on the stock. Wells Fargo & Company increased their target price on FrontView REIT from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Morgan Stanley raised their price target on FrontView REIT from $18.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.39.

FrontView REIT Trading Up 1.3%

Shares of FrontView REIT stock opened at $21.45 on Wednesday. The stock has a market capitalization of $485.84 million, a P/E ratio of -134.06, a P/E/G ratio of 1.67 and a beta of 1.08. FrontView REIT has a 52-week low of $11.19 and a 52-week high of $21.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. The stock's 50-day simple moving average is $19.09 and its 200 day simple moving average is $17.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in shares of FrontView REIT by 353.1% in the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company's stock valued at $11,231,000 after acquiring an additional 592,940 shares in the last quarter. Invesco Ltd. grew its holdings in shares of FrontView REIT by 2,897.7% during the fourth quarter. Invesco Ltd. now owns 421,933 shares of the company's stock worth $6,228,000 after purchasing an additional 407,858 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of FrontView REIT by 1,230.4% in the fourth quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company's stock worth $5,891,000 after purchasing an additional 369,126 shares during the last quarter. SlateStone Wealth LLC bought a new position in shares of FrontView REIT in the fourth quarter worth approximately $3,645,000. Finally, One Wealth Management Investment & Advisory Services LLC purchased a new stake in FrontView REIT in the fourth quarter valued at approximately $2,442,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.

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