Soros Fund Management LLC Takes Position in FrontView REIT, Inc. (NYSE:FVR)

Soros Fund Management LLC bought a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 220,000 shares of the company's stock, valued at approximately $3,989,000. Soros Fund Management LLC owned 1.37% of FrontView REIT at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FrontView REIT Stock Performance

FVR stock traded down $0.08 during midday trading on Monday, hitting $12.56. The company's stock had a trading volume of 16,488 shares, compared to its average volume of 251,188. FrontView REIT, Inc. has a 52-week low of $10.61 and a 52-week high of $19.76. The firm has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $16.56.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. On average, research analysts predict that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal 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 issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend was Monday, March 31st.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.