FrontView REIT, Inc. (NYSE:FVR) Receives Average Rating of “Hold” from Analysts

FrontView REIT, Inc. (NYSE:FVRGet Free Report) has received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.80.

Several research analysts recently issued reports on the company. Morgan Stanley raised their target price on FrontView REIT from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 31st. Weiss Ratings restated a “sell (d)” rating on shares of FrontView REIT in a research report on Monday, December 29th. Wells Fargo & Company lifted their price objective on FrontView REIT from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Jones Trading began coverage on FrontView REIT in a report on Wednesday, January 14th. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd.

View Our Latest Stock Report on FVR

FrontView REIT Stock Up 2.1%

Shares of NYSE:FVR opened at $16.18 on Friday. The company has a market capitalization of $350.30 million, a PE ratio of -19.73 and a beta of 1.33. FrontView REIT has a 52-week low of $10.61 and a 52-week high of $17.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 1.39. The company has a fifty day moving average of $15.76 and a 200-day moving average of $14.33.

FrontView REIT (NYSE:FVRGet Free Report) last released 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). FrontView REIT had a negative net margin of 32.21% and a negative return on equity of 4.25%. The firm had revenue of $16.89 million during the quarter, compared to analyst estimates of $17.34 million. On average, equities analysts predict that FrontView REIT will post 1.22 EPS for the current fiscal year.

FrontView REIT announced that its Board of Directors has authorized a share buyback program on Monday, November 24th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to purchase up to 23.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in shares of FrontView REIT during the 4th quarter worth approximately $30,000. Strs Ohio bought a new position in FrontView REIT during the first quarter worth $35,000. CWM LLC grew its holdings in FrontView REIT by 18,067.6% in the second quarter. CWM LLC now owns 6,722 shares of the company’s stock worth $81,000 after purchasing an additional 6,685 shares during the period. Resona Asset Management Co. Ltd. increased its stake in FrontView REIT by 26.5% in the third quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock valued at $111,000 after purchasing an additional 1,708 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after purchasing an additional 1,156 shares in the last quarter.

FrontView REIT Company Profile

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FrontView REIT specializes in real estate investing.

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Analyst Recommendations for FrontView REIT (NYSE:FVR)

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