Wells Fargo & Company Cuts FrontView REIT (NYSE:FVR) Price Target to $17.00

FrontView REIT (NYSE:FVR) had its price target trimmed by Wells Fargo & Company from $19.00 to $17.00 in a research note published on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Morgan Stanley decreased their target price on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.80.

FrontView REIT Trading Up 0.5 %

Shares of NYSE:FVR opened at $11.24 on Friday. FrontView REIT has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The company has a 50-day moving average price of $14.95.

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

FrontView REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a yield of 7.65%.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the acquisition, the chief executive officer now directly owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Summit Investment Advisors Inc. acquired a new position in shares of FrontView REIT in the fourth quarter worth $27,000. Tower Research Capital LLC TRC acquired a new position in FrontView REIT in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC purchased a new position in FrontView REIT in the 4th quarter valued at about $73,000. Quantbot Technologies LP acquired a new stake in shares of FrontView REIT during the 4th quarter worth about $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth about $119,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.