Janus Henderson Group PLC acquired a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 657,259 shares of the company's stock, valued at approximately $11,916,000. Janus Henderson Group PLC owned approximately 4.09% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new position in FrontView REIT in the 4th quarter valued at approximately $374,000. Citadel Advisors LLC purchased a new position in FrontView REIT in the fourth quarter valued at $15,410,000. Bank of America Corp DE purchased a new position in FrontView REIT in the fourth quarter valued at $2,465,000. BNP Paribas Financial Markets acquired a new position in FrontView REIT during the 4th quarter worth $121,000. Finally, Alyeska Investment Group L.P. purchased a new stake in FrontView REIT during the 4th quarter worth about $26,597,000.
Insider Buying and Selling at FrontView REIT
In related news, CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares of the company's stock, valued at $49,571.44. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
FrontView REIT Stock Performance
Shares of FVR stock traded down $0.02 on Thursday, reaching $11.25. 47,665 shares of the stock were exchanged, compared to its average volume of 247,239. The business's 50 day moving average price is $12.32 and its 200 day moving average price is $15.94. FrontView REIT, Inc. has a twelve month low of $10.61 and a twelve month high of $19.76.
FrontView REIT (NYSE:FVR - Get Free Report) last announced its quarterly 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 business had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. Sell-side analysts predict that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.
FrontView REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.86 annualized dividend and a yield of 7.64%.
Analyst Upgrades and Downgrades
FVR has been the topic of a number of analyst reports. Bank of America lowered FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price target on the stock. in a research report on Tuesday, May 6th. Wells Fargo & Company reduced their target price 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $19.40.
Check Out Our Latest Report on FVR
About FrontView REIT
(
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FrontView REIT specializes in real estate investing.
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