Wells Fargo & Company Issues Pessimistic Forecast for FrontView REIT (NYSE:FVR) Stock Price

FrontView REIT (NYSE:FVR) had its price target lowered by Wells Fargo & Company from $19.00 to $17.00 in a report issued on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Separately, Morgan Stanley lowered their price target on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $20.80.

FrontView REIT Stock Performance

FVR stock opened at $11.24 on Friday. The stock has a fifty day simple moving average of $14.95. FrontView REIT has a 1-year low of $10.61 and a 1-year high of $19.76.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. As a group, research analysts predict that FrontView REIT will post 1.22 earnings per share for the current year.

FrontView REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Monday, March 31st.

Insider Buying and Selling

In other news, CEO Randall Starr purchased 3,716 shares of the stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the acquisition, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Trading of FrontView REIT

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

About FrontView REIT

FrontView REIT specializes in real estate investing.