Renaissance Technologies LLC Makes New $751,000 Investment in FrontView REIT, Inc. (NYSE:FVR)

Renaissance Technologies LLC bought a new position in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 41,400 shares of the company's stock, valued at approximately $751,000. Renaissance Technologies LLC owned approximately 0.26% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FVR. Federated Hermes Inc. bought a new stake in FrontView REIT during the 4th quarter valued at $8,702,000. Envestnet Asset Management Inc. bought a new stake in FrontView REIT during the fourth quarter worth about $575,000. Wells Fargo & Company MN purchased a new stake in FrontView REIT in the fourth quarter worth about $154,000. Centersquare Investment Management LLC bought a new position in shares of FrontView REIT during the fourth quarter valued at approximately $1,588,000. Finally, Geode Capital Management LLC purchased a new position in shares of FrontView REIT during the fourth quarter valued at approximately $5,869,000.

Insider Activity

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The stock was acquired 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 in the company, valued at approximately $49,571.44. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

FrontView REIT Price Performance

NYSE FVR traded down $0.25 during trading hours on Wednesday, hitting $11.65. The company's stock had a trading volume of 197,231 shares, compared to its average volume of 250,931. The company's 50 day simple moving average is $13.10 and its two-hundred day simple moving average is $16.45. FrontView REIT, Inc. has a 12 month low of $10.61 and a 12 month 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. On average, sell-side analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.215 per share. The ex-dividend date was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.38%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FVR. Wells Fargo & Company reduced their price objective on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company 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 on the stock. in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.40.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.