FrontView REIT (NYSE:FVR) Price Target Raised to $18.00

FrontView REIT (NYSE:FVR) had its price objective lifted by Wells Fargo & Company from $17.00 to $18.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. Wells Fargo & Company currently has an overweight rating on the stock.

FVR has been the topic of several other reports. Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Wall Street Zen raised FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. JPMorgan Chase & Co. boosted their target price on FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of FrontView REIT in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.38.

FrontView REIT Price Performance

FVR stock opened at $15.31 on Tuesday. The business has a 50 day moving average price of $13.87 and a 200 day moving average price of $12.83. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.61. The stock has a market cap of $331.59 million and a price-to-earnings ratio of -18.67. FrontView REIT has a fifty-two week low of $10.61 and a fifty-two week high of $19.72.

FrontView REIT (NYSE:FVR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The company had revenue of $16.89 million for the quarter, compared to analyst estimates of $17.34 million. FrontView REIT had a negative return on equity of 4.25% and a negative net margin of 32.21%. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. Equities research analysts anticipate that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

FrontView REIT announced that its Board of Directors has approved a share repurchase plan on Monday, November 24th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 23.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

FrontView REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.215 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a yield of 5.6%. FrontView REIT’s payout ratio is currently -104.88%.

Hedge Funds Weigh In On FrontView REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in FVR. Strs Ohio acquired a new position in FrontView REIT in the 1st quarter valued at about $35,000. Resona Asset Management Co. Ltd. purchased a new position in shares of FrontView REIT in the 1st quarter valued at approximately $83,000. CWM LLC grew its stake in shares of FrontView REIT by 18,067.6% in the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock valued at $81,000 after purchasing an additional 6,685 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of FrontView REIT by 25.6% in the second quarter. State of Alaska Department of Revenue now owns 8,492 shares of the company’s stock valued at $101,000 after purchasing an additional 1,732 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of FrontView REIT by 37.9% during the first quarter. Quantbot Technologies LP now owns 8,674 shares of the company’s stock worth $111,000 after purchasing an additional 2,384 shares during the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.