FrontView REIT, Inc. $FVR Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its holdings in shares of FrontView REIT, Inc. (NYSE:FVR) by 195.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,160 shares of the company’s stock after purchasing an additional 60,915 shares during the quarter. Hodges Capital Management Inc.’s holdings in FrontView REIT were worth $1,426,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of FrontView REIT in the fourth quarter valued at approximately $30,000. Strs Ohio purchased a new position in FrontView REIT in the 1st quarter valued at approximately $35,000. Public Employees Retirement System of Ohio purchased a new position in FrontView REIT in the 4th quarter valued at approximately $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock worth $116,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of FrontView REIT by 16.5% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock worth $143,000 after acquiring an additional 1,348 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FVR shares. JPMorgan Chase & Co. increased their price objective on FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings raised FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Compass Point started coverage on FrontView REIT in a report on Monday, June 1st. They set a “buy” rating and a $21.00 price target on the stock. Wells Fargo & Company increased their price target on FrontView REIT from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Citigroup reiterated a “buy” rating on shares of FrontView REIT in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.88.

FrontView REIT Stock Performance

Shares of FVR stock opened at $20.76 on Tuesday. The company has a market cap of $470.21 million, a P/E ratio of -129.75, a PEG ratio of 1.64 and a beta of 1.08. The firm has a fifty day moving average price of $18.69 and a 200 day moving average price of $16.99. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. FrontView REIT, Inc. has a 12 month low of $11.19 and a 12 month high of $21.29.

FrontView REIT Announces Dividend

The firm also recently disclosed 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. This represents a $0.86 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. FrontView REIT’s dividend payout ratio is currently -537.50%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.