FrontView REIT, Inc. $FVR Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. lifted its holdings in shares of FrontView REIT, Inc. (NYSE:FVR) by 344.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,950 shares of the company’s stock after purchasing an additional 74,350 shares during the quarter. First Dallas Securities Inc. owned about 0.43% of FrontView REIT worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in FrontView REIT in the fourth quarter valued at about $30,000. Strs Ohio purchased a new stake in shares of FrontView REIT in the 1st quarter valued at approximately $35,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 purchasing an additional 1,156 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its holdings 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 valued at $143,000 after purchasing an additional 1,348 shares during the last quarter.

FrontView REIT Stock Performance

Shares of FVR stock opened at $20.86 on Friday. The firm has a 50 day moving average of $18.63 and a two-hundred day moving average of $16.94. The stock has a market capitalization of $472.59 million, a PE ratio of -130.41, a P/E/G ratio of 1.64 and a beta of 1.08. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. FrontView REIT, Inc. has a 52 week low of $11.19 and a 52 week high of $21.17.

FrontView REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.215 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.86 dividend on an annualized basis and a yield of 4.1%. FrontView REIT’s dividend payout ratio (DPR) is -537.50%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Raymond James Financial initiated coverage on FrontView REIT in a research note on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. lifted 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. Wolfe Research upgraded FrontView REIT to a “strong-buy” rating in a report on Monday, June 29th. JonesTrading increased their target price on FrontView REIT from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Zacks Research cut FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.88.

About FrontView REIT

FrontView REIT specializes in real estate investing.