Soros Fund Management LLC purchased 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 & Exchange Commission. The fund purchased 220,000 shares of the company's stock, valued at approximately $3,989,000. Soros Fund Management LLC owned 1.37% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in FrontView REIT in the 4th quarter valued at about $73,000. SG Americas Securities LLC purchased a new stake in shares of FrontView REIT during the 4th quarter valued at approximately $119,000. Exchange Traded Concepts LLC bought a new position in shares of FrontView REIT in the fourth quarter worth $535,000. abrdn plc bought a new stake in shares of FrontView REIT during the fourth quarter valued at about $7,268,000. Finally, State of Alaska Department of Revenue bought a new position in FrontView REIT in the 4th quarter valued at $121,000.
FrontView REIT Price Performance
FVR traded up $0.62 during midday trading on Friday, reaching $12.63. The company's stock had a trading volume of 108,170 shares, compared to its average volume of 252,786. The stock's 50-day moving average is $13.39 and its 200-day moving average is $16.59. FrontView REIT, Inc. has a 1 year low of $10.61 and a 1 year high of $19.76.
FrontView REIT (NYSE:FVR - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million during the quarter, compared to analysts' expectations of $15.45 million. Analysts anticipate that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.
FrontView REIT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.215 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.86 annualized dividend and a yield of 6.81%.
Wall Street Analyst Weigh In
FVR has been the topic of several research reports. Morgan Stanley lowered 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 report on Friday, January 3rd. Wells Fargo & Company cut their target price on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $20.80.
View Our Latest Research Report on FrontView REIT
Insider Transactions at FrontView REIT
In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the transaction, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at approximately $49,571.44. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
About FrontView REIT
(
Free Report)
FrontView REIT specializes in real estate investing.
Further Reading
Before you consider FrontView REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FrontView REIT wasn't on the list.
While FrontView REIT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
