JPMorgan Chase & Co. Issues Pessimistic Forecast for FrontView REIT (NYSE:FVR) Stock Price

FrontView REIT (NYSE:FVR) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $15.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 19.84% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Bank of America downgraded FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.00.

FrontView REIT Price Performance

Shares of FrontView REIT stock traded down $0.25 during midday trading on Tuesday, reaching $11.68. 19,894 shares of the company’s stock traded hands, compared to its average volume of 188,090. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $19.76. The stock has a 50 day moving average of $11.81 and a 200-day moving average of $15.23.

FrontView REIT (NYSE:FVR) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. As a group, equities research analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.

Insider Buying and Selling at FrontView REIT

In other news, CEO Randall Starr acquired 3,716 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the acquisition, the chief executive officer now directly owns 3,716 shares in the company, valued at $49,571.44. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.30% of the company’s stock.

Institutional Trading of FrontView REIT

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

About FrontView REIT

FrontView REIT specializes in real estate investing.