Analysts Set FrontView REIT, Inc. (NYSE:FVR) Price Target at $19.19

Shares of FrontView REIT, Inc. (NYSE:FVR) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.6250.

FVR has been the subject of several analyst reports. B. Riley Financial upped their price target on shares of FrontView REIT from $20.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of FrontView REIT from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Zacks Research lowered shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. 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. Finally, BMO Capital Markets initiated coverage on shares of FrontView REIT in a research report on Friday, April 17th. They set an “outperform” rating and a $20.00 price target for the company.

FrontView REIT Stock Performance

NYSE FVR opened at $19.70 on Friday. The company has a 50-day simple moving average of $18.23 and a two-hundred day simple moving average of $16.73. 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 $20.44. The firm has a market cap of $446.16 million, a price-to-earnings ratio of -123.11, a PEG ratio of 1.56 and a beta of 1.23.

FrontView REIT Announces Dividend

The company 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 dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s dividend payout ratio is currently -537.50%.

Institutional Trading of FrontView REIT

A number of institutional investors have recently modified their holdings of FVR. Kestra Advisory Services LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth about $30,000. Strs Ohio purchased a new stake in shares of FrontView REIT during the first quarter worth about $35,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FrontView REIT during the fourth quarter worth about $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FrontView REIT by 13.6% during the second 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. boosted its holdings in shares of FrontView REIT by 16.5% during the fourth 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.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.