Geode Capital Management LLC Purchases New Shares in FrontView REIT, Inc. (NYSE:FVR)

Geode Capital Management LLC purchased a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 323,651 shares of the company's stock, valued at approximately $5,869,000. Geode Capital Management LLC owned approximately 2.01% of FrontView REIT as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FVR. Nisa Investment Advisors LLC purchased a new position in FrontView REIT in the 4th quarter valued at $73,000. Quantbot Technologies LP acquired a new stake in FrontView REIT in the 4th quarter valued at about $114,000. SG Americas Securities LLC purchased a new position in FrontView REIT in the 4th quarter worth approximately $119,000. State of Alaska Department of Revenue purchased a new stake in FrontView REIT in the 4th quarter valued at $121,000. Finally, Corebridge Financial Inc. acquired a new stake in FrontView REIT during the fourth quarter worth about $130,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FVR. Wells Fargo & Company cut their price objective on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their price objective on FrontView REIT from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $20.80.

FrontView REIT Stock Performance

FVR stock traded down $0.16 during midday trading on Thursday, hitting $12.28. 5,816 shares of the stock were exchanged, compared to its average volume of 252,761. The stock's 50-day moving average price is $13.60 and its 200-day moving average price is $16.68. FrontView REIT, Inc. 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 released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. Sell-side analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date was Monday, March 31st.

Insider Activity at FrontView REIT

In other news, CEO Randall Starr purchased 3,716 shares of the stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the transaction, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.