JPMorgan Chase & Co. Takes Position in FrontView REIT, Inc. (NYSE:FVR)

JPMorgan Chase & Co. acquired a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,611 shares of the company's stock, valued at approximately $736,000. JPMorgan Chase & Co. owned 0.25% of FrontView REIT at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FVR. Cbre Investment Management Listed Real Assets LLC bought a new position in FrontView REIT in the fourth quarter worth approximately $12,626,000. abrdn plc bought a new stake in FrontView REIT during the fourth quarter valued at about $7,268,000. Burkehill Global Management LP purchased a new position in FrontView REIT in the fourth quarter valued at about $5,439,000. Prudential Financial Inc. bought a new position in FrontView REIT in the fourth quarter worth about $2,453,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of FrontView REIT in the 4th quarter worth approximately $1,632,000.

FrontView REIT Price Performance

Shares of NYSE FVR traded down $0.14 during mid-day trading on Monday, hitting $12.49. The stock had a trading volume of 2,672 shares, compared to its average volume of 178,472. The company has a 50 day moving average of $13.39 and a two-hundred day moving average of $16.56. 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 data on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $15.51 million during the quarter, compared to analysts' expectations of $15.45 million. As a group, equities research analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 6.89%. The ex-dividend date was Monday, March 31st.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price target on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $20.80.

Insider Buying and Selling at FrontView REIT

In related news, CEO Randall Starr purchased 3,716 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the acquisition, the chief executive officer now owns 3,716 shares of the company's stock, valued at $49,571.44. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

About FrontView REIT

FrontView REIT specializes in real estate investing.