FrontView REIT (NYSE:FVR) Research Coverage Started at Huntington

Huntington assumed coverage on shares of FrontView REIT (NYSE:FVR) in a report issued on Wednesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $22.50 price objective on the stock.

A number of other research firms also recently issued reports on FVR. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Compass Point began coverage on shares of FrontView REIT in a research report on Monday, June 1st. They set a “buy” rating and a $21.00 price target for the company. Raymond James Financial assumed coverage on shares of FrontView REIT in a research note on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 price target for the company. Citigroup restated a “buy” rating on shares of FrontView REIT in a report on Wednesday, July 1st. Finally, JonesTrading raised their price objective on shares of FrontView REIT from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.39.

FrontView REIT Price Performance

FrontView REIT stock opened at $21.87 on Wednesday. The business’s 50-day simple moving average is $19.31 and its 200 day simple moving average is $17.35. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. The stock has a market cap of $495.38 million, a price-to-earnings ratio of -136.69, a P/E/G ratio of 1.71 and a beta of 1.08. FrontView REIT has a 12-month low of $11.19 and a 12-month high of $22.29.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.86 annualized dividend and a yield of 3.9%. FrontView REIT’s dividend payout ratio (DPR) is presently -537.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FVR. Kestra Advisory Services LLC acquired a new stake in FrontView REIT in the fourth quarter worth $30,000. Strs Ohio acquired a new position in shares of FrontView REIT in the 1st quarter valued at $35,000. Public Employees Retirement System of Ohio bought a new stake in shares of FrontView REIT in the 4th quarter valued at $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of FrontView REIT by 13.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after buying an additional 1,156 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in shares of FrontView REIT by 16.5% in the 4th quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock valued at $143,000 after buying an additional 1,348 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.