FrontView REIT (NYSE:FVR) Now Covered by Analysts at Huntington

Huntington began coverage on shares of FrontView REIT (NYSE:FVR) in a report published on Wednesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $22.50 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Compass Point assumed coverage on shares of FrontView REIT in a research note on Monday, June 1st. They set a “buy” rating and a $21.00 target price on the stock. Morgan Stanley increased their price target on shares of FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. Weiss Ratings upgraded FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on FrontView REIT from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.39.

FrontView REIT Stock Performance

Shares of FrontView REIT stock opened at $21.00 on Wednesday. FrontView REIT has a one year low of $11.19 and a one year high of $22.29. The company has a market cap of $475.76 million, a price-to-earnings ratio of -131.27, a PEG ratio of 1.68 and a beta of 1.08. 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 business’s 50 day moving average price is $19.16 and its 200 day moving average price is $17.27.

FrontView REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.86 annualized dividend and a dividend yield of 4.1%. FrontView REIT’s dividend payout ratio (DPR) is presently -537.50%.

Institutional Investors Weigh In On FrontView REIT

Several large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in FrontView REIT during the 4th quarter worth $30,000. Strs Ohio purchased a new position in FrontView REIT in the first quarter worth approximately $35,000. Public Employees Retirement System of Ohio purchased a new position in FrontView REIT in the fourth quarter worth approximately $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FrontView REIT by 13.6% during the 2nd 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 holdings in FrontView REIT by 16.5% during the 4th 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.

About FrontView REIT

FrontView REIT specializes in real estate investing.