FrontView REIT (NYSE:FVR) Given Underperform Rating at Bank of America

Bank of America reiterated their underperform rating on shares of FrontView REIT (NYSE:FVR) in a report published on Tuesday,Benzinga reports. The firm currently has a $11.00 price target on the stock, down from their prior price target of $15.00.

FVR has been the subject of several other reports. JPMorgan Chase & Co. downgraded FrontView REIT from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $12.00 in a report on Tuesday. Wells Fargo & Company reduced their price objective on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.80.

FrontView REIT Trading Up 0.1%

Shares of NYSE:FVR opened at $11.55 on Tuesday. The firm has a 50 day simple moving average of $11.82 and a 200-day simple moving average of $14.94. FrontView REIT has a twelve month low of $10.61 and a twelve month high of $19.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17.

FrontView REIT (NYSE:FVR) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.45 million. On average, research analysts expect that FrontView REIT will post 1.22 EPS for the current year.

FrontView REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.45%.

Insider Transactions at FrontView REIT

In related news, CEO Randall Starr bought 3,716 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were acquired 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 owns 3,716 shares in the company, valued at approximately $49,571.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On FrontView REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of FVR. Alyeska Investment Group L.P. purchased a new position in FrontView REIT during the fourth quarter worth about $26,597,000. Zimmer Partners LP purchased a new position in shares of FrontView REIT during the 4th quarter worth approximately $23,571,000. Citadel Advisors LLC purchased a new position in shares of FrontView REIT during the 4th quarter worth approximately $15,410,000. Millennium Management LLC acquired a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $13,525,000. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $12,626,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.