Schonfeld Strategic Advisors LLC Invests $945,000 in FrontView REIT, Inc. (NYSE:FVR)

Schonfeld Strategic Advisors LLC bought a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 52,100 shares of the company's stock, valued at approximately $945,000. Schonfeld Strategic Advisors LLC owned 0.32% of FrontView REIT at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FVR. Summit Investment Advisors Inc. acquired a new stake in shares of FrontView REIT during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC purchased a new stake in FrontView REIT during the fourth quarter worth $34,000. Nisa Investment Advisors LLC acquired a new stake in FrontView REIT during the fourth quarter valued at $73,000. Quantbot Technologies LP purchased a new position in FrontView REIT in the fourth quarter valued at $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of FrontView REIT during the 4th quarter worth about $119,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company cut 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 lowered FrontView REIT from a "buy" rating to a "neutral" rating and set a $15.00 price objective for the company. in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $19.40.

FrontView REIT Price Performance

Shares of FVR stock traded down $0.09 during trading hours on Wednesday, reaching $11.95. The company had a trading volume of 117,691 shares, compared to its average volume of 179,141. FrontView REIT, Inc. has a 12-month low of $10.61 and a 12-month high of $19.76. The stock has a fifty day moving average of $12.73 and a 200-day moving average of $16.22.

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 analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to analysts' expectations of $15.45 million. Equities research analysts anticipate that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued 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 7.20%.

Insider Activity

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the transaction, the chief executive officer now owns 3,716 shares of the company's stock, valued at approximately $49,571.44. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

About FrontView REIT

FrontView REIT specializes in real estate investing.