Corient Private Wealth LLC Increases Stake in FrontView REIT, Inc. $FVR

Corient Private Wealth LLC grew its holdings in FrontView REIT, Inc. (NYSE:FVR) by 353.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 760,883 shares of the company’s stock after acquiring an additional 592,940 shares during the period. Corient Private Wealth LLC’s holdings in FrontView REIT were worth $11,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FVR. Kestra Advisory Services LLC purchased a new position in shares of FrontView REIT during the 4th quarter worth $30,000. Strs Ohio purchased a new stake in shares of FrontView REIT in the 1st quarter worth $35,000. Public Employees Retirement System of Ohio bought a new position in FrontView REIT in the 4th quarter worth $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FrontView REIT by 13.6% in the 2nd 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. lifted its position in FrontView REIT by 16.5% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock valued at $143,000 after purchasing an additional 1,348 shares in the last quarter.

Wall Street Analysts Forecast Growth

FVR has been the subject of several recent research reports. BMO Capital Markets began coverage on FrontView REIT in a report on Friday, April 17th. They set an “outperform” rating and a $20.00 price target for the company. B. Riley Financial raised their price objective on FrontView REIT from $20.50 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday. Compass Point started coverage on FrontView REIT in a research report on Monday, June 1st. They set a “buy” rating and a $21.00 price objective on the stock. Raymond James Financial began coverage on FrontView REIT in a research report on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 price objective on the stock. Finally, JonesTrading reiterated a “buy” rating and set a $19.00 price objective on shares of FrontView REIT in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.62.

FrontView REIT Stock Down 0.3%

Shares of FVR stock opened at $19.93 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69. FrontView REIT, Inc. has a one year low of $11.19 and a one year high of $20.44. The company’s fifty day moving average price is $18.18 and its 200-day moving average price is $16.70. The company has a market capitalization of $451.46 million, a price-to-earnings ratio of -124.57, a PEG ratio of 1.57 and a beta of 1.23.

FrontView REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s dividend payout ratio is presently -537.50%.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.