8,469 Shares in FrontView REIT, Inc. (NYSE:FVR) Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN acquired a new stake in FrontView REIT, Inc. (NYSE:FVR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,469 shares of the company’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in FrontView REIT in the fourth quarter worth about $73,000. SG Americas Securities LLC bought a new stake in shares of FrontView REIT during the fourth quarter worth approximately $119,000. Exchange Traded Concepts LLC acquired a new position in FrontView REIT in the fourth quarter valued at approximately $535,000. abrdn plc bought a new position in FrontView REIT in the fourth quarter valued at approximately $7,268,000. Finally, State of Alaska Department of Revenue bought a new position in FrontView REIT in the fourth quarter valued at approximately $121,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on FVR. Wells Fargo & Company cut their price target on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Bank of America lowered FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.40.

Insider Activity

In related news, CEO Randall Starr bought 3,716 shares of FrontView REIT 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 purchase, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

FrontView REIT Stock Performance

FVR opened at $11.80 on Friday. FrontView REIT, Inc. has a 12 month low of $10.61 and a 12 month high of $19.76. The company has a fifty day simple moving average of $12.90 and a 200 day simple moving average of $16.35.

FrontView REIT (NYSE:FVR) last announced its quarterly 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 business had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. On average, analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date was Monday, March 31st.

About FrontView REIT

FrontView REIT specializes in real estate investing.