Bessemer Group Inc. Invests $690,000 in FrontView REIT, Inc. $FVR

Bessemer Group Inc. bought a new position in FrontView REIT, Inc. (NYSE:FVR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,503 shares of the company’s stock, valued at approximately $690,000. Bessemer Group Inc. owned about 0.30% of FrontView REIT at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. 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 during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of FrontView REIT by 9.9% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 765,666 shares of the company’s stock worth $9,793,000 after acquiring an additional 69,250 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of FrontView REIT by 87.8% in the first quarter. Centersquare Investment Management LLC now owns 164,484 shares of the company’s stock worth $2,104,000 after acquiring an additional 76,894 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of FrontView REIT in the first quarter worth $704,000. Finally, Bank of New York Mellon Corp grew its stake in shares of FrontView REIT by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 32,804 shares of the company’s stock worth $420,000 after acquiring an additional 1,724 shares during the last quarter.

FrontView REIT Stock Down 0.4%

FVR stock opened at $13.29 on Friday. The business’s 50-day moving average is $13.65 and its two-hundred day moving average is $12.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.73. FrontView REIT, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $19.75. The company has a market cap of $271.81 million and a price-to-earnings ratio of -12.42.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 6.5%. FrontView REIT’s dividend payout ratio (DPR) is -80.37%.

Insider Activity at FrontView REIT

In related news, Director Elizabeth F. Frank acquired 2,808 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $12.44 per share, with a total value of $34,931.52. Following the completion of the purchase, the director directly owned 5,177 shares of the company’s stock, valued at $64,401.88. This represents a 118.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FVR. Zacks Research raised FrontView REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FrontView REIT in a report on Wednesday, October 8th. Wall Street Zen raised FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Morgan Stanley downgraded FrontView REIT from an “overweight” rating to an “equal weight” rating and set a $13.50 price target on the stock. in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their price target on FrontView REIT from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.70.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.