FrontView REIT (NYSE:FVR) Raised to Hold at Wall Street Zen

Key Points

• FrontView REIT's rating has been upgraded from "sell" to "hold" by investment analysts at Wall Street Zen, indicating a more favorable outlook for the stock.
• Multiple analysts have adjusted their ratings for FrontView REIT, with Morgan Stanley and JPMorgan lowering their ratings, while Bank of America maintained an "underperform" rating with a reduced price target.
• Insider activity showed Director Elizabeth F. Frank purchasing 2,808 shares, significantly increasing her stake in the company by over 118%.

FrontView REIT (NYSE:FVR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the company. Bank of America reissued an "underperform" rating and issued a $11.00 target price (down from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. JPMorgan Chase & Co. cut FrontView REIT from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $14.00 to $12.00 in a report on Tuesday, June 17th. Finally, Morgan Stanley cut FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 target price for the company. in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.10.

FrontView REIT Trading Down 1.4%

Shares of FVR traded down $0.19 during trading hours on Friday, reaching $13.23. The stock had a trading volume of 39,581 shares, compared to its average volume of 206,984. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. FrontView REIT has a 52 week low of $10.61 and a 52 week high of $19.76. The firm has a 50-day moving average of $12.32 and a 200 day moving average of $12.96. The company has a market cap of $270.69 million and a P/E ratio of -12.36.

Insider Activity at FrontView REIT

In other news, Director Elizabeth F. Frank bought 2,808 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was acquired at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the purchase, the director owned 5,177 shares of the company's stock, valued at approximately $64,401.88. This trade represents a 118.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FVR. FNY Investment Advisers LLC bought a new position in FrontView REIT during the first quarter worth about $25,000. Tower Research Capital LLC TRC acquired a new position in shares of FrontView REIT during the 4th quarter worth approximately $34,000. Strs Ohio bought a new position in shares of FrontView REIT during the first quarter worth approximately $35,000. New York State Common Retirement Fund bought a new position in shares of FrontView REIT during the first quarter worth approximately $38,000. Finally, CWM LLC raised its position in shares of FrontView REIT by 18,067.6% in the second quarter. CWM LLC now owns 6,722 shares of the company's stock valued at $81,000 after buying an additional 6,685 shares in the last quarter.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.