FrontView REIT, Inc.’s (NYSE:FVR) Lock-Up Period Set To Expire Tomorrow

FrontView REIT’s (NYSE:FVR) lock-up period will end on Monday, March 31st. FrontView REIT had issued 13,200,000 shares in its initial public offering on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

FVR has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company dropped their target price on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $21.20.

FrontView REIT Stock Down 2.1 %

Shares of FVR opened at $12.88 on Friday. FrontView REIT has a 12-month low of $12.72 and a 12-month high of $19.76. The company’s fifty day moving average is $16.30.

FrontView REIT (NYSE:FVR) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. Analysts predict that FrontView REIT will post 1.22 EPS for the current year.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 annualized dividend and a yield of 6.68%.

Insider Buying and Selling at FrontView REIT

In other news, CEO Randall Starr purchased 3,716 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the purchase, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of FrontView REIT

Hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP bought a new stake in shares of FrontView REIT in the 4th quarter valued at about $8,285,000. Zimmer Partners LP purchased a new position in FrontView REIT during the fourth quarter valued at approximately $23,571,000. Squarepoint Ops LLC bought a new position in FrontView REIT in the fourth quarter worth approximately $924,000. Two Sigma Advisers LP bought a new position in FrontView REIT in the fourth quarter worth approximately $872,000. Finally, Two Sigma Investments LP purchased a new stake in FrontView REIT during the fourth quarter worth $1,706,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.