FrontView REIT (NYSE:FVR – Get Free Report) had its price objective increased by analysts at Wells Fargo & Company from $17.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 16.32% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a report on Wednesday, November 19th. Wall Street Zen upgraded shares of FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, FrontView REIT currently has an average rating of “Hold” and an average target price of $14.38.
Read Our Latest Research Report on FVR
FrontView REIT Price Performance
FrontView REIT (NYSE:FVR – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). FrontView REIT had a negative net margin of 32.21% and a negative return on equity of 4.25%. The company had revenue of $16.89 million for the quarter, compared to analyst estimates of $17.34 million. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. On average, sell-side analysts expect that FrontView REIT will post 1.22 earnings per share for the current year.
FrontView REIT declared that its Board of Directors has authorized a stock repurchase program on Monday, November 24th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 23.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Institutional Investors Weigh In On FrontView REIT
Large investors have recently made changes to their positions in the company. Strs Ohio bought a new position in FrontView REIT during the first quarter valued at approximately $35,000. CWM LLC increased its stake in shares of FrontView REIT by 18,067.6% during the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock worth $81,000 after purchasing an additional 6,685 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of FrontView REIT during the 1st quarter valued at $83,000. State of Alaska Department of Revenue lifted its stake in shares of FrontView REIT by 25.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,492 shares of the company’s stock valued at $101,000 after purchasing an additional 1,732 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in FrontView REIT by 37.9% in the first quarter. Quantbot Technologies LP now owns 8,674 shares of the company’s stock worth $111,000 after purchasing an additional 2,384 shares in the last quarter.
About FrontView REIT
FrontView REIT specializes in real estate investing.
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