FrontView REIT (NYSE:FVR) Downgraded to Neutral Rating by Bank of America

FrontView REIT (NYSE:FVR) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports. They presently have a $15.00 price target on the stock. Bank of America‘s price objective suggests a potential upside of 19.81% from the stock’s current price.

Separately, Wells Fargo & Company reduced their target price on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.40.

FrontView REIT Stock Down 0.9 %

FVR stock opened at $12.52 on Tuesday. FrontView REIT has a one year low of $10.61 and a one year high of $19.76. The company has a fifty day moving average price of $13.30 and a two-hundred day moving average price of $16.52.

FrontView REIT (NYSE:FVR) last announced its quarterly 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 company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. Research analysts forecast that FrontView REIT will post 1.22 EPS for the current year.

Insider Activity at FrontView REIT

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

Hedge Funds Weigh In On FrontView REIT

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new position in shares of FrontView REIT in the fourth quarter valued at approximately $73,000. SG Americas Securities LLC bought a new stake in shares of FrontView REIT in the 4th quarter worth $119,000. Exchange Traded Concepts LLC bought a new stake in shares of FrontView REIT in the 4th quarter worth $535,000. abrdn plc purchased a new stake in shares of FrontView REIT in the fourth quarter valued at about $7,268,000. Finally, State of Alaska Department of Revenue bought a new position in shares of FrontView REIT during the fourth quarter valued at about $121,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.