Morgan Stanley lowered shares of FrontView REIT (NYSE:FVR - Free Report) from an overweight rating to an equal weight rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Morgan Stanley currently has $13.50 price objective on the stock.
FVR has been the topic of a number of other reports. JPMorgan Chase & Co. lowered shares of FrontView REIT from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $14.00 to $12.00 in a research report on Tuesday, June 17th. Bank of America restated an "underperform" rating and set a $11.00 price target (down from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. Finally, Wells Fargo & Company lowered 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 report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $15.10.
Check Out Our Latest Report on FrontView REIT
FrontView REIT Trading Up 1.7%
Shares of NYSE FVR traded up $0.20 during trading on Friday, hitting $12.36. The company had a trading volume of 254,044 shares, compared to its average volume of 258,659. The stock has a fifty day simple moving average of $11.73 and a two-hundred day simple moving average of $14.09. FrontView REIT has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60.
FrontView REIT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued 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 6.96%.
Hedge Funds Weigh In On FrontView REIT
Institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp acquired a new position in FrontView REIT in the 4th quarter valued at about $2,105,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in FrontView REIT in the 1st quarter valued at about $201,000. Citadel Advisors LLC acquired a new position in FrontView REIT in the 4th quarter valued at about $15,410,000. Deutsche Bank AG acquired a new position in FrontView REIT in the 4th quarter valued at about $374,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $736,000.
FrontView REIT Company Profile
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FrontView REIT specializes in real estate investing.
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