Weiss Ratings Reaffirms Sell (D-) Rating for FrontView REIT (NYSE:FVR)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for FrontView REIT, indicating ongoing concerns about the company's stock performance.
• Bank of America has downgraded FrontView REIT’s price target from $15.00 to $11.00, reflecting a negative outlook from multiple analysts.
• Despite the negative assessments, two analysts have given the stock a Buy rating while others classify it as Hold or Sell, resulting in an average rating of "Hold" with a consensus target price of $15.70.

FrontView REIT (NYSE:FVR - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also issued reports on FVR. Wall Street Zen lowered shares of FrontView REIT from a "hold" rating to a "sell" rating in a research note on Sunday, August 31st. Bank of America restated an "underperform" rating and set a $11.00 price target (down from $15.00) on shares of FrontView REIT in a research report on Tuesday, June 17th. Morgan Stanley downgraded shares of FrontView REIT from an "overweight" rating to an "equal weight" rating and set a $13.50 price target on the stock. in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of FrontView REIT from $12.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.70.

FrontView REIT Trading Up 0.7%

FrontView REIT stock opened at $13.80 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $13.14 and a two-hundred day moving average price of $12.39. The firm has a market capitalization of $282.35 million and a price-to-earnings ratio of -12.90. FrontView REIT has a 52-week low of $10.61 and a 52-week high of $19.76.

Insider Activity at FrontView REIT

In other FrontView REIT news, Director Elizabeth F. Frank bought 2,808 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the acquisition, the director directly owned 5,177 shares of the company's stock, valued at $64,401.88. This trade represents a 118.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 4.30% of the stock is owned by insiders.

Institutional Trading of FrontView REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of FrontView REIT by 13.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company's stock worth $116,000 after purchasing an additional 1,156 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of FrontView REIT by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 16,688 shares of the company's stock worth $200,000 after purchasing an additional 1,288 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FrontView REIT by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 32,804 shares of the company's stock worth $420,000 after purchasing an additional 1,724 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of FrontView REIT by 25.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,492 shares of the company's stock worth $101,000 after purchasing an additional 1,732 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of FrontView REIT in the 1st quarter worth approximately $25,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.

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