FrontView REIT, Inc. $FVR Stake Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of FrontView REIT, Inc. (NYSE:FVR) by 33.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 60,000 shares of the company’s stock after selling 30,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.31% of FrontView REIT worth $720,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. bought a new position in FrontView REIT in the 1st quarter worth about $201,000. Bank of New York Mellon Corp grew its holdings in FrontView REIT by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 32,804 shares of the company’s stock worth $420,000 after buying an additional 1,724 shares in the last quarter. New York State Common Retirement Fund bought a new position in FrontView REIT in the 1st quarter worth approximately $38,000. Centersquare Investment Management LLC grew its stake in shares of FrontView REIT by 87.8% in the first quarter. Centersquare Investment Management LLC now owns 164,484 shares of the company’s stock worth $2,104,000 after purchasing an additional 76,894 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of FrontView REIT in the first quarter worth $128,000.

Insider Buying and Selling at FrontView REIT

In other news, Director Elizabeth F. Frank bought 2,808 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was bought at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the acquisition, the director directly owned 5,177 shares in the company, valued at $64,401.88. This represents a 118.53% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FVR shares. Zacks Research raised FrontView REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FrontView REIT in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Wall Street Zen upgraded shares of FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Morgan Stanley lowered FrontView REIT from an “overweight” rating to an “equal weight” rating and set a $13.50 price target for the company. in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, FrontView REIT presently has an average rating of “Hold” and a consensus target price of $15.70.

FrontView REIT Stock Performance

FVR opened at $13.29 on Monday. The firm has a market cap of $271.81 million and a PE ratio of -12.42. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $12.61. FrontView REIT, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $19.75.

FrontView REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.215 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.5%. FrontView REIT’s dividend payout ratio (DPR) is -80.37%.

About FrontView REIT

FrontView REIT specializes in real estate investing.