JPMorgan Chase & Co. Has Lowered Expectations for FrontView REIT (NYSE:FVR) Stock Price

FrontView REIT (NYSE:FVR - Get Free Report) had its target price cut by equities research analysts at JPMorgan Chase & Co. from $15.00 to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 21.16% from the company's current price.

A number of other equities analysts have also issued reports on FVR. Wells Fargo & Company lowered their target price on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Bank of America cut shares of FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price target for the company. in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, FrontView REIT has an average rating of "Moderate Buy" and an average price target of $18.00.

FrontView REIT Stock Performance

Shares of FrontView REIT stock traded up $0.07 on Tuesday, reaching $11.56. 39,217 shares of the company were exchanged, compared to its average volume of 246,297. The stock's 50 day moving average price is $11.79 and its 200-day moving average price is $15.20. FrontView REIT has a 1-year low of $10.61 and a 1-year high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. On average, equities research analysts forecast that FrontView REIT will post 1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the purchase, the chief executive officer now owns 3,716 shares of the company's stock, valued at $49,571.44. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FrontView REIT

Several large investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of FrontView REIT during the first quarter worth $35,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FrontView REIT during the first quarter valued at about $174,000. Millennium Management LLC increased its position in shares of FrontView REIT by 12.9% during the first quarter. Millennium Management LLC now owns 841,993 shares of the company's stock worth $10,769,000 after acquiring an additional 96,011 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of FrontView REIT in the first quarter worth about $329,000. Finally, Jump Financial LLC purchased a new position in FrontView REIT in the first quarter valued at about $236,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.