Hsbc Holdings PLC Decreases Position in FrontView REIT, Inc. $FVR

Hsbc Holdings PLC decreased its holdings in FrontView REIT, Inc. (NYSE:FVR) by 31.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,933 shares of the company’s stock after selling 29,167 shares during the quarter. Hsbc Holdings PLC’s holdings in FrontView REIT were worth $974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in FrontView REIT by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock valued at $14,259,000 after buying an additional 133,067 shares in the last quarter. Millennium Management LLC boosted its holdings in 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% during 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 during the last quarter. Citadel Advisors LLC grew its stake 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 last quarter. Finally, Geode Capital Management LLC increased its holdings 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 valued at $7,602,000 after acquiring an additional 43,773 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on FVR. B. Riley Financial increased their price objective on shares of FrontView REIT from $20.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Compass Point began coverage on shares of FrontView REIT in a research note on Monday, June 1st. They set a “buy” rating and a $21.00 price target on the stock. Wolfe Research raised shares of FrontView REIT to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Huntington started coverage on shares of FrontView REIT in a research note on Wednesday, July 15th. They set an “outperform” rating and a $22.50 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, FrontView REIT currently has an average rating of “Moderate Buy” and a consensus price target of $21.83.

FrontView REIT Trading Down 0.7%

Shares of NYSE:FVR opened at $21.10 on Wednesday. FrontView REIT, Inc. has a 52-week low of $11.19 and a 52-week high of $22.29. The stock has a market cap of $477.94 million, a price-to-earnings ratio of -131.88, a PEG ratio of 1.67 and a beta of 1.08. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $19.80 and a 200-day moving average price of $17.67.

FrontView REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, June 30th. FrontView REIT’s payout ratio is presently -537.50%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.