FrontView REIT, Inc. (NYSE:FVR) Sees Large Increase in Short Interest

FrontView REIT, Inc. (NYSE:FVR) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 2,091,058 shares, a growth of 847.2% from the May 31st total of 220,759 shares. Approximately 10.2% of the company’s stock are short sold. Based on an average trading volume of 182,604 shares, the days-to-cover ratio is presently 11.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of FrontView REIT by 14.7% in 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 during the last quarter. Millennium Management LLC increased its holdings in FrontView REIT by 12.9% during the first quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock worth $10,769,000 after buying an additional 96,011 shares during the last quarter. Corient Private Wealth LLC raised its position in 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 in the last quarter. Citadel Advisors LLC raised its position in 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in FrontView REIT by 9.3% in 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 during the last quarter.

FrontView REIT Stock Up 1.9%

FVR stock traded up $0.37 during midday trading on Friday, hitting $20.07. The company’s stock had a trading volume of 422,930 shares, compared to its average volume of 191,207. The company’s fifty day moving average price is $18.29 and its 200 day moving average price is $16.75. 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 has a twelve month low of $11.19 and a twelve month high of $20.44. The stock has a market capitalization of $454.63 million, a P/E ratio of -125.44, a PEG ratio of 1.55 and a beta of 1.23.

FrontView REIT Dividend Announcement

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

Analysts Set New Price Targets

FVR has been the subject of a number of research reports. BMO Capital Markets initiated coverage on FrontView REIT in a report on Friday, April 17th. They set an “outperform” rating and a $20.00 target price for the company. Wells Fargo & Company upped their price objective on FrontView REIT from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Zacks Research downgraded FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. B. Riley Financial lifted their target price on FrontView REIT from $20.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday. 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 target price on the stock. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.62.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.