Corient Private Wealth LLC Acquires 592,940 Shares of FrontView REIT, Inc. $FVR

Corient Private Wealth LLC raised its holdings in shares of FrontView REIT, Inc. (NYSE:FVR) by 353.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 760,883 shares of the company’s stock after purchasing an additional 592,940 shares during the period. Corient Private Wealth LLC owned approximately 3.41% of FrontView REIT worth $11,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FVR. Waterfall Asset Management LLC bought a new position in shares of FrontView REIT during the third quarter valued at $2,673,000. One Wealth Management Investment & Advisory Services LLC purchased a new stake in shares of FrontView REIT during the fourth quarter valued at $2,442,000. SlateStone Wealth LLC bought a new stake in FrontView REIT in the 4th quarter worth about $3,645,000. First Eagle Investment Management LLC increased its holdings in FrontView REIT by 1,230.4% in the 4th quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock worth $5,891,000 after buying an additional 369,126 shares in the last quarter. Finally, Wedmont Private Capital purchased a new position in FrontView REIT in the 4th quarter worth about $212,000.

FrontView REIT Stock Down 0.3%

FVR stock opened at $19.93 on Thursday. FrontView REIT, Inc. has a fifty-two week low of $11.19 and a fifty-two week high of $20.44. The business’s 50-day moving average is $18.18 and its two-hundred day moving average is $16.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $451.46 million, a price-to-earnings ratio of -124.57, a P/E/G ratio of 1.57 and a beta of 1.23.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.86 annualized dividend and a dividend yield of 4.3%. FrontView REIT’s dividend payout ratio is presently -537.50%.

Analyst Upgrades and Downgrades

FVR has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of FrontView REIT from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Zacks Research lowered shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Raymond James Financial started coverage on shares of FrontView REIT in a report on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 price objective for the company. Compass Point assumed coverage on shares of FrontView REIT in a research report on Monday, June 1st. They set a “buy” rating and a $21.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FrontView REIT currently has an average rating of “Moderate Buy” and an average price target of $19.62.

About FrontView REIT

FrontView REIT specializes in real estate investing.