FrontView REIT (NYSE:FVR) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

FrontView REIT (NYSE:FVR) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $12.00 target price on the stock, down from their previous target price of $14.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.56% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Bank of America cut FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

FrontView REIT Stock Performance

Shares of FVR stock opened at $11.48 on Tuesday. The stock’s fifty day moving average is $11.82 and its 200-day moving average is $14.96. FrontView REIT has a 52 week low of $10.61 and a 52 week high of $19.76.

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 analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. As a group, analysts predict that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the company’s stock in a transaction on 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 directly owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On FrontView REIT

A number of institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new stake in shares of FrontView REIT during the 4th quarter worth approximately $26,597,000. Zimmer Partners LP acquired a new stake in shares of FrontView REIT in the 4th quarter worth about $23,571,000. Citadel Advisors LLC bought a new position in shares of FrontView REIT during the fourth quarter valued at about $15,410,000. Millennium Management LLC bought a new position in shares of FrontView REIT in the fourth quarter valued at approximately $13,525,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of FrontView REIT during the 4th quarter worth $12,626,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.