FrontView REIT, Inc. (NYSE:FVR) Given Consensus Recommendation of “Moderate Buy” by Analysts

FrontView REIT, Inc. (NYSE:FVR) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.1875.

Several equities research analysts recently weighed in on FVR shares. Compass Point started coverage on FrontView REIT in a report on Monday, June 1st. They set a “buy” rating and a $21.00 target price for the company. JonesTrading restated a “buy” rating and set a $19.00 target price on shares of FrontView REIT in a report on Tuesday, June 2nd. BMO Capital Markets started coverage on FrontView REIT in a report on Friday, April 17th. They set an “outperform” rating and a $20.00 target price for the company. Raymond James Financial started coverage on FrontView REIT in a report on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 28th.

FrontView REIT Trading Up 2.1%

Shares of FVR stock opened at $19.54 on Friday. The stock has a market capitalization of $442.67 million, a PE ratio of -122.15, a P/E/G ratio of 1.50 and a beta of 1.23. FrontView REIT has a 1-year low of $11.19 and a 1-year high of $20.00. The business has a 50-day moving average of $17.91 and a 200 day moving average of $16.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.215 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.86 annualized dividend and a yield of 4.4%. FrontView REIT’s dividend payout ratio is currently -537.50%.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors have recently bought and sold shares of FVR. Corient Private Wealth LLC boosted its holdings in FrontView REIT by 353.1% during the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock valued at $11,231,000 after acquiring an additional 592,940 shares during the period. Invesco Ltd. raised its position in FrontView REIT by 2,897.7% during the 4th quarter. Invesco Ltd. now owns 421,933 shares of the company’s stock valued at $6,228,000 after purchasing an additional 407,858 shares during the last quarter. First Eagle Investment Management LLC raised its position in FrontView REIT by 1,230.4% during the 4th quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock valued at $5,891,000 after purchasing an additional 369,126 shares during the last quarter. SlateStone Wealth LLC bought a new position in FrontView REIT during the 4th quarter valued at approximately $3,645,000. Finally, Waterfall Asset Management LLC bought a new position in FrontView REIT during the 3rd quarter valued at approximately $2,673,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.