Wall Street Zen Downgrades FrontView REIT (NYSE:FVR) to Sell

Key Points

• Wall Street Zen has downgraded FrontView REIT from a "hold" rating to a "sell" rating, indicating concerns about the stock's performance.
• Several other analysts, including those from Morgan Stanley and JPMorgan Chase, have also downgraded the stock, with new target prices set between $11.00 and $13.50.
• The stock opened at $13.35 and has seen a market cap of approximately $273.04 million, with significant insider purchases indicating potential confidence from management.

FrontView REIT (NYSE:FVR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded FrontView REIT from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $14.00 to $12.00 in a report on Tuesday, June 17th. Bank of America restated an "underperform" rating and set a $11.00 target price (down previously from $15.00) on shares of FrontView REIT in a report on Tuesday, June 17th. Finally, Morgan Stanley downgraded FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 target price for the company. in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.10.

FrontView REIT Trading Up 0.5%

Shares of FrontView REIT stock traded up $0.07 during midday trading on Friday, reaching $13.08. 96,011 shares of the company's stock traded hands, compared to its average volume of 207,320. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $267.62 million and a PE ratio of -12.22. The stock has a 50 day moving average of $12.45 and a 200-day moving average of $12.80. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $19.76.

Insider Activity at FrontView REIT

In related news, Director Elizabeth F. Frank bought 2,808 shares of the business's stock in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $12.44 per share, with a total value of $34,931.52. Following the completion of the purchase, the director owned 5,177 shares in the company, valued at approximately $64,401.88. The trade was a 118.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On FrontView REIT

A number of institutional investors have recently modified their holdings of FVR. Alyeska Investment Group L.P. purchased a new stake in shares of FrontView REIT in the fourth quarter worth $26,597,000. Zimmer Partners LP purchased a new stake in shares of FrontView REIT in the fourth quarter worth $23,571,000. Citadel Advisors LLC purchased a new stake in shares of FrontView REIT in the fourth quarter worth $15,410,000. Millennium Management LLC purchased a new stake in shares of FrontView REIT in the fourth quarter worth $13,525,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of FrontView REIT in the fourth quarter worth $11,916,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.