FrontView REIT (NYSE:FVR) Stock Rating Upgraded by Wolfe Research

FrontView REIT (NYSE:FVR) was upgraded by research analysts at Wolfe Research to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on FVR. B. Riley Financial increased their price objective on shares of FrontView REIT from $20.50 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Raymond James Financial initiated coverage on FrontView REIT in a research report on Tuesday, June 9th. They issued a “strong-buy” rating and a $22.00 target price on the stock. BMO Capital Markets began coverage on FrontView REIT in a research note on Friday, April 17th. They set an “outperform” rating and a $20.00 price target on the stock. Zacks Research lowered FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Compass Point started coverage on FrontView REIT in a research note on Monday, June 1st. They issued a “buy” rating and a $21.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.88.

FrontView REIT Price Performance

Shares of FVR opened at $20.54 on Monday. The firm has a 50-day simple moving average of $18.48 and a two-hundred day simple moving average of $16.87. The stock has a market cap of $465.25 million, a PE ratio of -128.38, a P/E/G ratio of 1.60 and a beta of 1.07. FrontView REIT has a 1-year low of $11.19 and a 1-year high of $20.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69.

Institutional Investors Weigh In On FrontView REIT

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in FrontView REIT by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock worth $14,259,000 after buying an additional 133,067 shares in the last quarter. Millennium Management LLC grew its stake in shares of FrontView REIT by 12.9% in the first quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock worth $10,769,000 after acquiring an additional 96,011 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of FrontView REIT by 353.1% in the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after acquiring an additional 592,940 shares in the last quarter. Citadel Advisors LLC increased its position in shares of FrontView REIT by 19.8% during the third quarter. Citadel Advisors LLC now owns 548,790 shares of the company’s stock worth $7,524,000 after acquiring an additional 90,715 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of FrontView REIT by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 514,946 shares of the company’s stock worth $7,602,000 after acquiring an additional 43,773 shares during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.