FrontView REIT (NYSE:FVR – Free Report) had its price objective reduced by JPMorgan Chase & Co. from $15.00 to $14.00 in a research note published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other analysts have also weighed in on FVR. Bank of America lowered FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Tuesday, May 6th. Wells Fargo & Company lowered their target price on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, FrontView REIT currently has an average rating of “Moderate Buy” and an average target price of $18.00.
View Our Latest Report on FrontView REIT
FrontView REIT Price Performance
FrontView REIT (NYSE:FVR – Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. On average, analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.
FrontView REIT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.86 annualized dividend and a yield of 7.47%.
Insider Activity at FrontView REIT
In other news, CEO Randall Starr bought 3,716 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FVR. Summit Investment Advisors Inc. bought a new stake in FrontView REIT during the 4th quarter valued at $27,000. Tower Research Capital LLC TRC bought a new stake in FrontView REIT during the 4th quarter valued at $34,000. FNY Investment Advisers LLC bought a new stake in FrontView REIT during the 1st quarter valued at $25,000. Strs Ohio bought a new stake in FrontView REIT during the 1st quarter valued at $35,000. Finally, New York State Common Retirement Fund bought a new stake in FrontView REIT during the 1st quarter valued at $38,000.
FrontView REIT Company Profile
FrontView REIT specializes in real estate investing.
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