Sumitomo Mitsui Trust Group Inc. Invests $201,000 in FrontView REIT, Inc. (NYSE:FVR)

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,683 shares of the company’s stock, valued at approximately $201,000. Sumitomo Mitsui Trust Group Inc. owned approximately 0.09% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in FrontView REIT in the first quarter valued at approximately $25,000. Summit Investment Advisors Inc. acquired a new position in FrontView REIT in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC acquired a new position in FrontView REIT in the fourth quarter valued at approximately $34,000. Quantbot Technologies LP acquired a new position in FrontView REIT in the fourth quarter valued at approximately $114,000. Finally, BNP Paribas Financial Markets acquired a new position in FrontView REIT in the fourth quarter valued at approximately $121,000.

FrontView REIT Trading Down 0.4%

Shares of NYSE FVR opened at $12.48 on Monday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. FrontView REIT, Inc. has a twelve month low of $10.61 and a twelve month high of $19.76. The stock has a 50 day moving average of $11.77 and a two-hundred day moving average of $14.25.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Monday, June 30th.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FVR shares. Bank of America reaffirmed an “underperform” rating and issued a $11.00 price target (down from $15.00) on shares of FrontView REIT in a report on Tuesday, June 17th. Wells Fargo & Company lowered their price target on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. downgraded FrontView REIT from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $12.00 in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.80.

About FrontView REIT

FrontView REIT specializes in real estate investing.