FrontView REIT, Inc. (NYSE:FVR) Receives Average Recommendation of “Hold” from Analysts

FrontView REIT, Inc. (NYSE:FVR) has earned an average rating of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.2143.

A number of research analysts recently issued reports on FVR shares. JPMorgan Chase & Co. lifted their price target on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. B. Riley Financial began coverage on shares of FrontView REIT in a research report on Thursday, March 19th. They issued a “buy” rating and a $20.50 price target for the company. Zacks Research lowered shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, BMO Capital Markets began coverage on shares of FrontView REIT in a research note on Friday, April 17th. They issued an “outperform” rating and a $20.00 target price on the stock.

FrontView REIT Trading Up 0.4%

Shares of FVR opened at $17.81 on Monday. The firm has a 50 day moving average price of $16.95 and a 200-day moving average price of $16.12. FrontView REIT has a fifty-two week low of $10.81 and a fifty-two week high of $18.49. The firm has a market cap of $403.35 million, a price-to-earnings ratio of -111.30, a PEG ratio of 0.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69.

FrontView REIT Dividend Announcement

The company also recently declared 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. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s dividend payout ratio (DPR) is currently -537.50%.

Hedge Funds Weigh In On FrontView REIT

A number of institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in FrontView REIT in the 4th quarter valued at $30,000. Strs Ohio purchased a new stake in FrontView REIT during the first quarter worth about $35,000. Public Employees Retirement System of Ohio acquired a new position in shares of FrontView REIT during the fourth quarter worth about $106,000. Resona Asset Management Co. Ltd. grew its position in shares of FrontView REIT by 26.5% during the third quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock worth $111,000 after buying an additional 1,708 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after purchasing an additional 1,156 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.