FrontView REIT, Inc. $FVR Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its holdings in shares of FrontView REIT, Inc. (NYSE:FVR) by 15.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,249 shares of the company’s stock after selling 9,630 shares during the period. Goldman Sachs Group Inc. owned 0.28% of FrontView REIT worth $681,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in FrontView REIT during the 1st quarter valued at about $201,000. Deutsche Bank AG purchased a new stake in FrontView REIT during the 4th quarter valued at about $374,000. Cbre Investment Management Listed Real Assets LLC grew its stake in FrontView REIT by 9.9% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 765,666 shares of the company’s stock valued at $9,793,000 after acquiring an additional 69,250 shares in the last quarter. Two Sigma Investments LP purchased a new stake in FrontView REIT during the 4th quarter valued at about $1,706,000. Finally, Nuveen LLC purchased a new stake in FrontView REIT during the 1st quarter valued at about $243,000.

FrontView REIT Stock Performance

FrontView REIT stock opened at $13.53 on Thursday. The firm has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $12.45. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $276.82 million and a price-to-earnings ratio of -12.64.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.4%. FrontView REIT’s dividend payout ratio (DPR) is presently -80.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FVR shares. 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. Wall Street Zen cut shares of FrontView REIT from a “hold” rating to a “sell” rating in a research note on Sunday, August 31st. Bank of America reissued an “underperform” rating and issued a $11.00 price target (down previously from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.70.

Insider Buying and Selling at FrontView REIT

In related news, Director Elizabeth F. Frank acquired 2,808 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $12.44 per share, with a total value of $34,931.52. Following the transaction, the director owned 5,177 shares of the company’s stock, valued at approximately $64,401.88. This trade represents a 118.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.