Zimmer Partners LP Takes Position in FrontView REIT, Inc. (NYSE:FVR)

Zimmer Partners LP acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,300,100 shares of the company’s stock, valued at approximately $23,571,000. Zimmer Partners LP owned about 8.09% of FrontView REIT at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Summit Investment Advisors Inc. purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $27,000. Tower Research Capital LLC TRC purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $73,000. Quantbot Technologies LP purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $119,000.

FrontView REIT Stock Down 0.9%

NYSE:FVR opened at $11.76 on Tuesday. FrontView REIT, Inc. has a one year low of $10.61 and a one year high of $19.76. The firm’s fifty day moving average is $12.44 and its two-hundred day moving average is $16.00.

FrontView REIT (NYSE:FVR) last posted its earnings results 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 firm had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. Research analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend is Monday, June 30th.

Insider Transactions at FrontView REIT

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

Analyst Ratings Changes

FVR has been the topic of several recent research reports. Bank of America lowered shares of FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.40.

About FrontView REIT

FrontView REIT specializes in real estate investing.