Principal Financial Group Inc. Makes New Investment in FrontView REIT, Inc. $FVR

Principal Financial Group Inc. bought a new stake in shares of FrontView REIT, Inc. (NYSE:FVR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 198,570 shares of the company’s stock, valued at approximately $2,722,000. Principal Financial Group Inc. owned 0.97% of FrontView REIT as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Strs Ohio purchased a new position in FrontView REIT during the first quarter worth approximately $35,000. CWM LLC lifted its position in shares of FrontView REIT by 18,067.6% during the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock valued at $81,000 after buying an additional 6,685 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of FrontView REIT by 26.5% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock valued at $111,000 after buying an additional 1,708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 acquiring an additional 1,156 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in FrontView REIT by 9.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,275 shares of the company’s stock worth $126,000 after acquiring an additional 783 shares in the last quarter.

FrontView REIT Trading Up 2.1%

Shares of FrontView REIT stock opened at $16.18 on Tuesday. 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 stock’s 50 day simple moving average is $15.78 and its 200-day simple moving average is $14.39. The stock has a market cap of $350.30 million, a P/E ratio of -19.73 and a beta of 1.32. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $17.98.

FrontView REIT declared that its board has approved a stock repurchase program on Monday, November 24th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 23.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FVR has been the topic of several recent analyst reports. Jones Trading started coverage on shares of FrontView REIT in a report on Wednesday, January 14th. They set a “buy” rating and a $19.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on FrontView REIT from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Wells Fargo & Company raised their target price on FrontView REIT from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, FrontView REIT has an average rating of “Hold” and an average price target of $15.80.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.