JonesTrading Issues Pessimistic Forecast for FrontView REIT (NYSE:FVR) Stock Price

FrontView REIT (NYSE:FVR) had its target price dropped by stock analysts at JonesTrading from $21.00 to $20.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. JonesTrading‘s target price would indicate a potential upside of 4.49% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Weiss Ratings raised FrontView REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Raymond James Financial reissued a “strong-buy” rating and set a $23.00 price target on shares of FrontView REIT in a report on Thursday, August 13th. Huntington started coverage on FrontView REIT in a research report on Wednesday. They issued a “strong-buy” rating for the company. JPMorgan Chase & Co. raised their price objective on FrontView REIT from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Finally, BMO Capital Markets decreased their price objective on FrontView REIT from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, FrontView REIT presently has an average rating of “Moderate Buy” and an average price target of $21.61.

FrontView REIT Stock Down 0.8%

Shares of FVR stock opened at $19.14 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. FrontView REIT has a 12 month low of $12.89 and a 12 month high of $22.29. The stock has a market cap of $468.11 million, a P/E ratio of -239.26, a P/E/G ratio of 1.67 and a beta of 1.02. The company has a 50 day simple moving average of $17.87 and a two-hundred day simple moving average of $18.01.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.10. FrontView REIT had a negative net margin of 0.04% and a negative return on equity of 0.01%. The business had revenue of $17.12 million for the quarter, compared to analysts’ expectations of $18.67 million. On average, research analysts expect that FrontView REIT will post 1.20 earnings per share for the current year.

Institutional Trading of FrontView REIT

Several institutional investors and hedge funds have recently modified their holdings of FVR. State of Alaska Department of Revenue raised its position in shares of FrontView REIT by 7.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 14,144 shares of the company’s stock valued at $234,000 after purchasing an additional 1,034 shares during the period. Legal & General Group Plc bought a new position in FrontView REIT in the 2nd quarter worth $43,000. Avalon Trust Co bought a new position in FrontView REIT in the 2nd quarter worth $48,000. Asset Management One Co. Ltd. boosted its holdings in FrontView REIT by 9.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 28,052 shares of the company’s stock worth $467,000 after buying an additional 2,422 shares during the period. Finally, State of Wyoming increased its stake in FrontView REIT by 29.9% in the 3rd quarter. State of Wyoming now owns 10,636 shares of the company’s stock worth $177,000 after buying an additional 2,450 shares in the last quarter.

FrontView REIT Company Profile

FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.

Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.

FrontView REIT’s strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.