BMO Capital Markets Issues Positive Forecast for FrontView REIT (NYSE:FVR) Stock Price

FrontView REIT (NYSE:FVR) had its price objective increased by BMO Capital Markets from $21.00 to $24.00 in a report issued on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on FVR. Wolfe Research raised FrontView REIT to a “strong-buy” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. B. Riley Financial boosted their target price on shares of FrontView REIT from $20.50 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Huntington initiated coverage on shares of FrontView REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $22.50 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.83.

FrontView REIT Trading Down 1.7%

Shares of FrontView REIT stock opened at $21.55 on Monday. FrontView REIT has a twelve month low of $11.19 and a twelve month high of $22.29. 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 business has a 50-day moving average price of $19.37 and a 200-day moving average price of $17.41. The firm has a market cap of $488.11 million, a price-to-earnings ratio of -134.69, a PEG ratio of 1.72 and a beta of 1.08.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.215 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.86 dividend on an annualized basis and a yield of 4.0%. FrontView REIT’s payout ratio is -537.50%.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC raised its position in FrontView REIT by 353.1% in the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after purchasing an additional 592,940 shares during the period. Invesco Ltd. boosted its position in shares of FrontView REIT by 2,897.7% during the fourth quarter. Invesco Ltd. now owns 421,933 shares of the company’s stock valued at $6,228,000 after buying an additional 407,858 shares during the period. First Eagle Investment Management LLC boosted its position in shares of FrontView REIT by 1,230.4% during the fourth quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock valued at $5,891,000 after buying an additional 369,126 shares during the period. SlateStone Wealth LLC bought a new position in shares of FrontView REIT during the fourth quarter valued at approximately $3,645,000. Finally, One Wealth Management Investment & Advisory Services LLC bought a new position in shares of FrontView REIT during the fourth quarter valued at approximately $2,442,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.