Bank of America Corp DE Invests $2.47 Million in FrontView REIT, Inc. (NYSE:FVR)

Bank of America Corp DE acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 135,959 shares of the company’s stock, valued at approximately $2,465,000. Bank of America Corp DE owned 0.85% of FrontView REIT as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in FrontView REIT in the 4th quarter valued at approximately $119,000. abrdn plc purchased a new position in FrontView REIT in the 4th quarter valued at approximately $7,268,000. State of Alaska Department of Revenue purchased a new position in FrontView REIT in the 4th quarter valued at approximately $121,000. Asset Management One Co. Ltd. purchased a new position in FrontView REIT in the 4th quarter valued at approximately $178,000. Finally, Rhumbline Advisers purchased a new position in FrontView REIT in the 4th quarter valued at approximately $295,000.

Insiders Place Their Bets

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares of the company’s stock, valued at $49,571.44. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.30% of the company’s stock.

FrontView REIT Price Performance

Shares of NYSE:FVR opened at $11.49 on Monday. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76. The company’s fifty day moving average is $11.97 and its two-hundred day moving average is $15.52.

FrontView REIT (NYSE:FVR) last released its earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.45 million. Equities analysts predict that FrontView REIT, Inc. will post 1.22 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 Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Monday, June 30th.

Wall Street Analyst Weigh In

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

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.