FrontView REIT, Inc. (NYSE:FVR) Receives $17.07 Average Price Target from Analysts

FrontView REIT, Inc. (NYSE:FVR) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.2143.

Several analysts have issued reports on FVR shares. JPMorgan Chase & Co. upped their target price on FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets started coverage on FrontView REIT in a research note on Friday, April 17th. They issued an “outperform” rating and a $20.00 target price for the company. B. Riley Financial started coverage on FrontView REIT in a research note on Thursday, March 19th. They issued a “buy” rating and a $20.50 target price for the company. Zacks Research lowered FrontView REIT from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings raised FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st.

Institutional Trading of FrontView REIT

Several hedge funds and other institutional investors have recently bought and sold shares of FVR. Corient Private Wealth LLC boosted its stake in FrontView REIT by 353.1% in the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after buying an additional 592,940 shares in the last quarter. Invesco Ltd. lifted its position in FrontView REIT by 2,897.7% in the fourth quarter. Invesco Ltd. now owns 421,933 shares of the company’s stock valued at $6,228,000 after purchasing an additional 407,858 shares during the last quarter. First Eagle Investment Management LLC lifted its position in FrontView REIT by 1,230.4% in the fourth quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock valued at $5,891,000 after purchasing an additional 369,126 shares during the last quarter. SlateStone Wealth LLC bought a new stake in FrontView REIT in the fourth quarter valued at approximately $3,645,000. Finally, Principal Financial Group Inc. bought a new stake in FrontView REIT in the third quarter valued at approximately $2,722,000.

FrontView REIT Stock Up 0.4%

Shares of NYSE FVR opened at $17.81 on Monday. FrontView REIT has a 12 month low of $10.81 and a 12 month high of $18.49. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $403.35 million, a price-to-earnings ratio of -111.30, a PEG ratio of 0.87 and a beta of 1.30. The business has a 50-day moving average of $16.95 and a 200-day moving average of $16.10.

FrontView REIT (NYSE:FVR) last released its earnings results on Tuesday, February 24th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.50). The firm had revenue of $16.52 million during the quarter, compared to the consensus estimate of $16.94 million. FrontView REIT had a negative return on equity of 0.53% and a negative net margin of 3.88%. Sell-side analysts expect that FrontView REIT will post 1.21 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.86 annualized dividend and a yield of 4.8%. FrontView REIT’s dividend payout ratio is currently -537.50%.

About FrontView REIT

FrontView REIT specializes in real estate investing.