FrontView REIT, Inc. (NYSE:FVR – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,091,058 shares, a growth of 847.2% from the May 31st total of 220,759 shares. Currently, 10.2% of the shares of the company are short sold. Based on an average daily trading volume, of 182,604 shares, the days-to-cover ratio is presently 11.5 days.
Analyst Ratings Changes
FVR has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Wells Fargo & Company raised their target price on FrontView REIT from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. JonesTrading reiterated a “buy” rating and set a $19.00 target price on shares of FrontView REIT in a research report on Tuesday, June 2nd. Compass Point began coverage on FrontView REIT in a report on Monday, June 1st. They set a “buy” rating and a $21.00 price target for the company. Finally, Raymond James Financial initiated coverage on FrontView REIT in a research report on Tuesday, June 9th. They issued a “strong-buy” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.62.
Check Out Our Latest Stock Analysis on FVR
FrontView REIT Stock Performance
FrontView REIT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s dividend payout ratio is presently -537.50%.
Hedge Funds Weigh In On FrontView REIT
Several large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth about $30,000. Strs Ohio purchased a new position in FrontView REIT in the 1st quarter worth approximately $35,000. Public Employees Retirement System of Ohio purchased a new position in FrontView REIT in the 4th quarter worth approximately $106,000. Resona Asset Management Co. Ltd. boosted its stake in FrontView REIT by 16.5% in the 4th quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock worth $143,000 after purchasing an additional 1,348 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in FrontView REIT by 13.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock worth $116,000 after purchasing an additional 1,156 shares during the period.
FrontView REIT Company Profile
FrontView REIT specializes in real estate investing.
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