FrontView REIT, Inc. (NYSE:FVR) Receives $20.75 Consensus Target Price from Brokerages

Shares of FrontView REIT, Inc. (NYSE:FVR) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.8333.

A number of research firms have issued reports on FVR. BMO Capital Markets boosted their price target on FrontView REIT from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday. 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 note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Wolfe Research raised shares of FrontView REIT to a “strong-buy” rating in a report on Monday, June 29th. Finally, Morgan Stanley increased their price target on shares of FrontView REIT from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th.

FrontView REIT Stock Down 1.7%

FVR stock opened at $21.55 on Tuesday. FrontView REIT has a fifty-two week low of $11.19 and a fifty-two week high of $22.29. The business’s 50-day moving average is $19.37 and its two-hundred day moving average is $17.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $488.11 million, a price-to-earnings ratio of -134.69, a P/E/G ratio of 1.72 and a beta of 1.08.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 30th. FrontView REIT’s dividend payout ratio is -537.50%.

Hedge Funds Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its position in 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 buying an additional 592,940 shares in the last quarter. Invesco Ltd. lifted its position in shares of FrontView REIT by 2,897.7% during the 4th quarter. Invesco Ltd. now owns 421,933 shares of the company’s stock valued at $6,228,000 after buying an additional 407,858 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of FrontView REIT by 1,230.4% during the 4th quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock valued at $5,891,000 after buying an additional 369,126 shares in the last quarter. SlateStone Wealth LLC bought a new position in shares of FrontView REIT during the 4th quarter valued at approximately $3,645,000. Finally, One Wealth Management Investment & Advisory Services LLC bought a new position in shares of FrontView REIT during the 4th quarter valued at approximately $2,442,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.