FrontView REIT, Inc. (NYSE:FVR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of FrontView REIT, Inc. (NYSE:FVR) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.75.

FVR has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of FrontView REIT from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. B. Riley Financial boosted their price target on shares of FrontView REIT from $20.50 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on shares of FrontView REIT from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. JonesTrading increased their price objective on shares of FrontView REIT from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th.

FrontView REIT Price Performance

Shares of NYSE:FVR opened at $21.20 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $19.02 and its two-hundred day simple moving average is $17.19. FrontView REIT has a 1-year low of $11.19 and a 1-year high of $21.41. The stock has a market cap of $480.23 million, a PE ratio of -132.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08.

FrontView REIT Dividend Announcement

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

Institutional Trading of FrontView REIT

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in FrontView REIT in the fourth quarter worth $30,000. Strs Ohio purchased a new stake in shares of FrontView REIT during the 1st quarter valued at $35,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FrontView REIT during the 4th quarter valued at $106,000. Resona Asset Management Co. Ltd. raised its stake in shares of 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 purchasing an additional 1,348 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.