FrontView REIT (NYSE:FVR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

FrontView REIT (NYSE:FVR) had its target price upped by stock analysts at BMO Capital Markets from $21.00 to $24.00 in a research note issued on Monday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 11.13% from the company’s current price.

Other analysts have also issued reports about the company. Weiss Ratings upgraded FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Raymond James Financial started coverage on FrontView REIT in a research note on Tuesday, June 9th. They issued a “strong-buy” rating and a $22.00 target price on the stock. Wells Fargo & Company upped their target price on FrontView REIT from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. B. Riley Financial raised their price target on FrontView REIT from $20.50 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley lifted their price target on FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.83.

FrontView REIT Trading Up 0.3%

FrontView REIT stock opened at $21.60 on Monday. The company’s fifty day simple moving average is $19.44 and its 200-day simple moving average is $17.45. 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 has a 12 month low of $11.19 and a 12 month high of $22.29. The stock has a market cap of $489.17 million, a P/E ratio of -134.98, a P/E/G ratio of 1.69 and a beta of 1.08.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently modified their holdings of FVR. Corient Private Wealth LLC increased its position in FrontView REIT by 353.1% during the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after buying an additional 592,940 shares during the last quarter. Invesco Ltd. lifted its position in shares of FrontView REIT by 2,897.7% in the fourth quarter. Invesco Ltd. now owns 421,933 shares of the company’s stock worth $6,228,000 after buying an additional 407,858 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of FrontView REIT by 1,230.4% in the fourth quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock worth $5,891,000 after buying an additional 369,126 shares during the last quarter. SlateStone Wealth LLC bought a new stake in shares of FrontView REIT during the 4th quarter worth about $3,645,000. Finally, One Wealth Management Investment & Advisory Services LLC bought a new stake in shares of FrontView REIT during the 4th quarter worth about $2,442,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.