Short Interest in FrontView REIT, Inc. (NYSE:FVR) Increases By 847.2%

FrontView REIT, Inc. (NYSE:FVR) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,091,058 shares, an increase of 847.2% from the May 31st total of 220,759 shares. Based on an average daily volume of 182,604 shares, the days-to-cover ratio is presently 11.5 days. Approximately 10.2% of the company’s stock are sold short.

FrontView REIT Trading Down 0.6%

Shares of NYSE:FVR opened at $19.70 on Friday. FrontView REIT has a 52 week low of $11.19 and a 52 week high of $20.44. The company’s 50 day moving average is $18.23 and its two-hundred day moving average is $16.73. 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 company has a market cap of $446.16 million, a PE ratio of -123.11, a P/E/G ratio of 1.56 and a beta of 1.23.

FrontView REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. FrontView REIT’s dividend payout ratio is currently -537.50%.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake in FrontView REIT by 10.8% in the fourth quarter. CWM LLC now owns 10,283 shares of the company’s stock valued at $152,000 after purchasing an additional 1,001 shares during the last quarter. Sei Investments Co. lifted its position in shares of FrontView REIT by 6.6% during the 3rd quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock worth $241,000 after buying an additional 1,084 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of FrontView REIT by 0.6% during the 3rd quarter. Centersquare Investment Management LLC now owns 184,370 shares of the company’s stock worth $2,528,000 after buying an additional 1,150 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FrontView REIT by 13.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after buying an additional 1,156 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of FrontView REIT by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 16,688 shares of the company’s stock valued at $200,000 after buying an additional 1,288 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FVR shares. JPMorgan Chase & Co. upped their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. BMO Capital Markets began coverage on shares of FrontView REIT in a research report on Friday, April 17th. They issued an “outperform” rating and a $20.00 price target for the company. Zacks Research downgraded shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Compass Point initiated coverage on FrontView REIT in a research report on Monday, June 1st. They set a “buy” rating and a $21.00 price objective on the stock. Finally, JonesTrading reiterated a “buy” rating and issued a $19.00 price objective on shares of FrontView REIT in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.62.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.