Man Group plc purchased a new stake in shares of FrontView REIT, Inc. (NYSE:FVR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 38,866 shares of the company’s stock, valued at approximately $786,000. Man Group plc owned 0.16% of FrontView REIT as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of FrontView REIT during the 2nd quarter worth $732,000. Legal & General Group Plc bought a new position in shares of FrontView REIT during the 2nd quarter valued at approximately $43,000. Clear Harbor Asset Management LLC purchased a new stake in FrontView REIT in the 2nd quarter worth approximately $1,660,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in FrontView REIT in the 2nd quarter worth approximately $1,843,000. Finally, BlackRock Inc. bought a new stake in FrontView REIT during the 2nd quarter worth approximately $90,166,000.
Analyst Ratings Changes
A number of equities analysts have weighed in on FVR shares. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Morgan Stanley lifted their target price on shares of FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their price target on FrontView REIT from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised their price target on FrontView REIT from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Finally, Huntington began coverage on FrontView REIT in a research report on Wednesday, July 15th. They set an “outperform” rating and a $22.50 target price for the company. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, FrontView REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.
FrontView REIT Price Performance
Shares of NYSE:FVR opened at $19.05 on Friday. The firm has a market cap of $465.96 million, a price-to-earnings ratio of 635.00, a P/E/G ratio of 1.36 and a beta of 1.04. The firm has a fifty day moving average price of $20.34 and a 200 day moving average price of $18.34. FrontView REIT, Inc. has a fifty-two week low of $12.89 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57.
FrontView REIT (NYSE:FVR – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $16.40 million for the quarter, compared to the consensus estimate of $18.31 million. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. As a group, sell-side analysts expect that FrontView REIT, Inc. will post 1.2 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 Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 30th. FrontView REIT’s dividend payout ratio is currently 2,866.67%.
FrontView REIT Company Profile
FrontView REIT specializes in real estate investing.
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