Northern Trust Corp Acquires New Holdings in FrontView REIT, Inc. (NYSE:FVR)

Northern Trust Corp acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 116,119 shares of the company’s stock, valued at approximately $2,105,000. Northern Trust Corp owned approximately 0.72% of FrontView REIT as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FVR. Cbre Investment Management Listed Real Assets LLC bought a new stake in FrontView REIT in the fourth quarter worth about $12,626,000. Federated Hermes Inc. bought a new stake in FrontView REIT in the fourth quarter worth about $8,702,000. abrdn plc bought a new stake in FrontView REIT in the fourth quarter worth about $7,268,000. Geode Capital Management LLC bought a new stake in FrontView REIT in the fourth quarter worth about $5,869,000. Finally, Burkehill Global Management LP bought a new stake in FrontView REIT in the fourth quarter worth about $5,439,000.

Analyst Upgrades and Downgrades

FVR has been the topic of several research reports. Wells Fargo & Company dropped their price target on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Bank of America downgraded FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, FrontView REIT has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the 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 purchase, the chief executive officer now directly owns 3,716 shares in the company, valued at $49,571.44. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.30% of the company’s stock.

FrontView REIT Stock Performance

NYSE FVR opened at $11.20 on Monday. The stock’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $15.79. FrontView REIT, Inc. has a 1 year low of $10.61 and a 1 year high of $19.76.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings data 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 analysts’ expectations of $15.45 million. As a group, equities analysts expect that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.215 per share. The ex-dividend date is Monday, June 30th. This represents a $0.86 annualized dividend and a yield of 7.68%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.