SlateStone Wealth LLC Invests $3.65 Million in FrontView REIT, Inc. $FVR

SlateStone Wealth LLC purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 246,945 shares of the company’s stock, valued at approximately $3,645,000.

A number of other hedge funds also recently modified their holdings of FVR. Strs Ohio acquired a new position in shares of FrontView REIT during the first quarter worth $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of FrontView REIT by 13.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock worth $116,000 after purchasing an additional 1,156 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of FrontView REIT by 16.5% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock worth $143,000 after purchasing an additional 1,348 shares during the period. CWM LLC lifted its holdings in shares of FrontView REIT by 10.8% during the fourth quarter. CWM LLC now owns 10,283 shares of the company’s stock worth $152,000 after purchasing an additional 1,001 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of FrontView REIT during the fourth quarter worth $162,000.

FrontView REIT Price Performance

FVR stock opened at $18.29 on Friday. The firm has a market cap of $414.27 million, a price-to-earnings ratio of -114.31, a PEG ratio of 0.88 and a beta of 1.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. FrontView REIT, Inc. has a 12-month low of $10.81 and a 12-month high of $18.49. The company’s fifty day simple moving average is $17.14 and its 200 day simple moving average is $16.24.

FrontView REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, June 30th. FrontView REIT’s payout ratio is -537.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FVR shares. BMO Capital Markets started coverage on shares of FrontView REIT in a report on Friday, April 17th. They issued an “outperform” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. JonesTrading restated a “buy” rating and issued a $19.00 target price on shares of FrontView REIT in a report on Tuesday. Compass Point started coverage on shares of FrontView REIT in a report on Monday. They issued a “buy” rating and a $21.00 target price on the stock. Finally, B. Riley Financial started coverage on shares of FrontView REIT in a report on Thursday, March 19th. They issued a “buy” rating and a $20.50 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, FrontView REIT currently has a consensus rating of “Hold” and a consensus target price of $17.81.

About FrontView REIT

FrontView REIT specializes in real estate investing.