JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FrontView REIT (NYSE:FVR) Stock

FrontView REIT (NYSE:FVR) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $17.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 1.23% from the company’s previous close.

Other research 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 research report on Friday, May 1st. Zacks Research lowered FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. B. Riley Financial assumed coverage on FrontView REIT in a research report on Thursday, March 19th. They issued a “buy” rating and a $20.50 price objective for the company. Finally, BMO Capital Markets assumed coverage on FrontView REIT in a research report on Friday, April 17th. They issued an “outperform” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.21.

FrontView REIT Trading Up 0.9%

FrontView REIT stock traded up $0.16 during mid-day trading on Thursday, hitting $17.78. The company’s stock had a trading volume of 41,684 shares, compared to its average volume of 137,474. The firm has a market capitalization of $402.76 million, a PE ratio of -111.15, a price-to-earnings-growth ratio of 0.88 and a beta of 1.30. FrontView REIT has a 1 year low of $10.81 and a 1 year high of $18.49. 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 moving average is $16.89 and its two-hundred day moving average is $16.06.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.50). The business had revenue of $16.52 million during the quarter, compared to analysts’ expectations of $16.94 million. FrontView REIT had a negative return on equity of 0.53% and a negative net margin of 3.88%. On average, analysts anticipate that FrontView REIT will post 1.21 EPS for the current year.

Institutional Trading of FrontView REIT

Hedge funds have recently modified their holdings of the stock. Waterfall Asset Management LLC acquired a new stake in shares of FrontView REIT in the third quarter valued at $2,673,000. Principal Financial Group Inc. acquired a new stake in shares of FrontView REIT in the third quarter valued at $2,722,000. One Wealth Management Investment & Advisory Services LLC acquired a new stake in shares of FrontView REIT in the fourth quarter valued at $2,442,000. TD Waterhouse Canada Inc. acquired a new stake in FrontView REIT in the third quarter valued at $515,000. Finally, First Eagle Investment Management LLC acquired a new stake in FrontView REIT in the third quarter valued at $411,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.