JPMorgan Chase & Co. Cuts FrontView REIT (NYSE:FVR) Price Target to $14.00

FrontView REIT (NYSE:FVR - Get Free Report) had its price objective reduced by analysts at JPMorgan Chase & Co. from $15.00 to $14.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 23.46% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company reduced 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 note on Friday, April 11th. Bank of America downgraded shares of FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price objective for the company. in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

FrontView REIT Stock Performance

NYSE:FVR traded down $0.26 during mid-day trading on Tuesday, hitting $11.34. 157,456 shares of the stock were exchanged, compared to its average volume of 246,458. The firm's 50-day simple moving average is $11.81 and its 200 day simple moving average is $15.07. FrontView REIT 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 issued its quarterly earnings data 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. Research analysts anticipate that FrontView REIT will post 1.22 earnings per share for the current year.

Insider Transactions at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the company's stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 3,716 shares in the company, valued at $49,571.44. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On FrontView REIT

A number of institutional investors have recently added to or reduced their stakes in FVR. Strs Ohio acquired a new position in shares of FrontView REIT during the first quarter worth $35,000. Dynamic Technology Lab Private Ltd bought a new position in FrontView REIT during the 1st quarter worth $174,000. Millennium Management LLC lifted its holdings in FrontView REIT by 12.9% during the 1st quarter. Millennium Management LLC now owns 841,993 shares of the company's stock worth $10,769,000 after buying an additional 96,011 shares during the period. Cubist Systematic Strategies LLC acquired a new position in FrontView REIT during the 1st quarter worth about $329,000. Finally, Jump Financial LLC bought a new stake in shares of FrontView REIT in the 1st quarter valued at about $236,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.