FrontView REIT, Inc. (NYSE:FVR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in FrontView REIT, Inc. (NYSE:FVR) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,770 shares of the company’s stock after selling 945 shares during the quarter. Envestnet Asset Management Inc. owned 0.18% of FrontView REIT worth $394,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in FrontView REIT in the 1st quarter worth approximately $25,000. Summit Investment Advisors Inc. acquired a new stake in shares of FrontView REIT during the fourth quarter worth $27,000. Tower Research Capital LLC TRC purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $34,000. BNP Paribas Financial Markets purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $121,000. Finally, Corebridge Financial Inc. acquired a new position in shares of FrontView REIT in the 4th quarter valued at $130,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on FVR shares. Bank of America reiterated an “underperform” rating and set a $11.00 price target (down previously from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. Wells Fargo & Company cut their price target on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Morgan Stanley cut shares of FrontView REIT from an “overweight” rating to an “equal weight” rating and set a $13.50 price objective for the company. in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. lowered shares of FrontView REIT from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $12.00 in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.10.

FrontView REIT Stock Up 1.5%

Shares of NYSE:FVR opened at $12.10 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.17 and a quick ratio of 0.17. FrontView REIT, Inc. has a 12-month low of $10.61 and a 12-month high of $19.76. The business has a 50 day moving average of $11.93 and a two-hundred day moving average of $13.44.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 7.1%. The ex-dividend date was Monday, June 30th.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.