Share Repurchase Program Announced by FrontView REIT (NYSE:FVR) Board

FrontView REIT (NYSE:FVR) announced that its board has authorized a share repurchase program on Monday, November 24th, RTT News reports. The company plans to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 23.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

FrontView REIT Price Performance

Shares of NYSE:FVR opened at $14.66 on Tuesday. The firm has a market capitalization of $317.45 million and a price-to-earnings ratio of -17.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50 day simple moving average is $13.77 and its 200-day simple moving average is $12.77. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $19.72.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.11). The firm had revenue of $16.89 million for the quarter, compared to analyst estimates of $17.34 million. FrontView REIT had a negative return on equity of 4.25% and a negative net margin of 32.21%. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. As a group, equities analysts forecast that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, December 31st. FrontView REIT’s dividend payout ratio is -104.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.13.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.