Marshall Wace LLP Acquires New Stake in FrontView REIT, Inc. (NYSE:FVR)

Marshall Wace LLP purchased a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 111,934 shares of the company's stock, valued at approximately $2,029,000. Marshall Wace LLP owned approximately 0.70% of FrontView REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. acquired a new stake in shares of FrontView REIT during the fourth quarter worth $27,000. Nisa Investment Advisors LLC acquired a new stake in FrontView REIT during the 4th quarter worth about $73,000. Quantbot Technologies LP purchased a new stake in FrontView REIT during the 4th quarter valued at about $114,000. SG Americas Securities LLC acquired a new position in shares of FrontView REIT in the fourth quarter valued at about $119,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of FrontView REIT in the fourth quarter worth about $121,000.

FrontView REIT Price Performance

Shares of NYSE FVR traded up $0.40 during midday trading on Friday, reaching $12.41. 18,414 shares of the stock were exchanged, compared to its average volume of 252,180. The firm has a 50-day simple moving average of $13.49 and a two-hundred day simple moving average of $16.63. 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 released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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. Analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a yield of 6.93%.

Insider Buying and Selling at FrontView REIT

In related news, CEO Randall Starr bought 3,716 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at approximately $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of FrontView REIT from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company cut 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 MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $20.80.

About FrontView REIT

FrontView REIT specializes in real estate investing.