Brokerages Set FrontView REIT, Inc. (NYSE:FVR) Target Price at $15.70

Shares of FrontView REIT, Inc. (NYSE:FVR) have earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.70.

FVR has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on FrontView REIT from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Morgan Stanley downgraded FrontView REIT from an “overweight” rating to an “equal weight” rating and set a $13.50 price target for the company. in a research note on Friday, July 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of FrontView REIT in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut FrontView REIT from a “hold” rating to a “sell” rating in a research report on Sunday, August 31st.

Insider Transactions at FrontView REIT

In other FrontView REIT news, Director Elizabeth F. Frank bought 2,808 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $12.44 per share, for a total transaction of $34,931.52. Following the purchase, the director directly owned 5,177 shares of the company’s stock, valued at approximately $64,401.88. This represents a 118.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

Institutional Trading of FrontView REIT

A number of large investors have recently bought and sold shares of FVR. FNY Investment Advisers LLC bought a new position in shares of FrontView REIT during the 1st quarter worth $25,000. Strs Ohio purchased a new stake in FrontView REIT during the 1st quarter worth about $35,000. New York State Common Retirement Fund bought a new position in FrontView REIT in the 1st quarter worth about $38,000. Resona Asset Management Co. Ltd. purchased a new position in FrontView REIT during the 1st quarter valued at about $83,000. Finally, CWM LLC grew its holdings in FrontView REIT by 18,067.6% during the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock valued at $81,000 after buying an additional 6,685 shares in the last quarter.

FrontView REIT Trading Up 1.2%

FVR opened at $14.53 on Friday. The company has a fifty day moving average price of $13.40 and a two-hundred day moving average price of $12.43. FrontView REIT has a 1-year low of $10.61 and a 1-year high of $19.76. The company has a market cap of $297.28 million and a P/E ratio of -13.58. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, September 30th. FrontView REIT’s dividend payout ratio (DPR) is presently -80.37%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.