Renaissance Technologies LLC Makes New Investment in FrontView REIT, Inc. (NYSE:FVR)

Renaissance Technologies LLC acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 41,400 shares of the company’s stock, valued at approximately $751,000.

A number of other large investors also recently modified their holdings of FVR. Charles Schwab Investment Management Inc. purchased a new position in shares of FrontView REIT in the fourth quarter worth $754,000. Asset Management One Co. Ltd. purchased a new position in shares of FrontView REIT in the fourth quarter valued at about $178,000. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth about $12,626,000. Rhumbline Advisers bought a new stake in shares of FrontView REIT in the fourth quarter worth about $295,000. Finally, Bank of New York Mellon Corp purchased a new position in FrontView REIT during the 4th quarter valued at about $563,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FVR. Wells Fargo & Company decreased their price objective on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Morgan Stanley reduced their target price on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, FrontView REIT has an average rating of “Buy” and a consensus price target of $20.80.

Insider Activity at FrontView REIT

In related news, CEO Randall Starr acquired 3,716 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, with a total value of $49,571.44. Following the transaction, the chief executive officer now directly owns 3,716 shares of the company’s stock, valued at $49,571.44. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FrontView REIT Trading Down 3.6 %

Shares of NYSE FVR opened at $11.99 on Friday. The firm’s fifty day moving average is $13.49 and its two-hundred day moving average is $16.63. FrontView REIT, Inc. has a 52-week low of $10.61 and a 52-week high of $19.76.

FrontView REIT (NYSE:FVR) last announced its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.45 million. On average, research analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.215 per share. The ex-dividend date was Monday, March 31st. This represents a $0.86 annualized dividend and a dividend yield of 7.17%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.