FrontView REIT (NYSE:FVR) Cut to “Hold” at Zacks Research

Zacks Research cut shares of FrontView REIT (NYSE:FVR) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of FrontView REIT from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Wells Fargo & Company boosted their price target on FrontView REIT from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a research report on Monday. Finally, Wall Street Zen upgraded shares of FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, FrontView REIT currently has a consensus rating of “Reduce” and an average price target of $14.38.

FrontView REIT Trading Up 2.3%

Shares of FVR stock opened at $15.26 on Monday. FrontView REIT has a 1-year low of $10.61 and a 1-year high of $19.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.61. The stock has a market cap of $330.33 million, a price-to-earnings ratio of -18.60 and a beta of 1.34. The stock has a 50-day moving average of $14.00 and a 200-day moving average of $12.93.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The company had revenue of $16.89 million during 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. On average, equities research analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.86 annualized dividend and a yield of 5.6%. FrontView REIT’s dividend payout ratio (DPR) is presently -104.88%.

FrontView REIT declared that its Board of Directors has authorized a stock buyback plan on Monday, November 24th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 23.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Trading of FrontView REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of FrontView REIT by 9.9% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 765,666 shares of the company’s stock valued at $9,793,000 after buying an additional 69,250 shares during the last quarter. Nuveen LLC bought a new position in FrontView REIT during the 1st quarter valued at $243,000. Los Angeles Capital Management LLC purchased a new position in FrontView REIT during the 2nd quarter worth $1,361,000. CWM LLC boosted its holdings in FrontView REIT by 18,067.6% during the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock worth $81,000 after acquiring an additional 6,685 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in shares of FrontView REIT by 87.8% in the 1st quarter. Centersquare Investment Management LLC now owns 164,484 shares of the company’s stock worth $2,104,000 after acquiring an additional 76,894 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.