JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FrontView REIT (NYSE:FVR) Stock

FrontView REIT (NYSE:FVR) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $15.00 to $17.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 11.48% from the company’s current price.

Other analysts also recently issued reports about the stock. Wall Street Zen raised shares of FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of FrontView REIT in a research note on Monday, December 1st. 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. Finally, Zacks Research cut FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $14.88.

FrontView REIT Stock Up 0.7%

Shares of FVR opened at $15.25 on Monday. The company has a market capitalization of $330.16 million, a price-to-earnings ratio of -18.60 and a beta of 1.34. FrontView REIT has a 52 week low of $10.61 and a 52 week high of $19.70. The stock’s 50-day moving average price is $14.14 and its 200-day moving average price is $13.05. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.61.

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

FrontView REIT announced that its Board of Directors has initiated a share buyback program on Monday, November 24th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 23.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in FVR. Citadel Advisors LLC grew its holdings in shares of FrontView REIT by 19.8% during the third quarter. Citadel Advisors LLC now owns 548,790 shares of the company’s stock worth $7,524,000 after buying an additional 90,715 shares in the last quarter. Alliancebernstein L.P. boosted its position in FrontView REIT by 13.4% during the third quarter. Alliancebernstein L.P. now owns 16,900 shares of the company’s stock worth $232,000 after acquiring an additional 2,000 shares during the last quarter. Two Sigma Investments LP purchased a new stake in FrontView REIT during the 3rd quarter valued at about $255,000. Arkhouse Management Co. LP raised its holdings in FrontView REIT by 6.5% in the 3rd quarter. Arkhouse Management Co. LP now owns 73,449 shares of the company’s stock valued at $1,007,000 after acquiring an additional 4,464 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in FrontView REIT by 6.6% in the 3rd quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock worth $241,000 after purchasing an additional 1,084 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.