Samalin Investment Counsel LLC Takes $682,000 Position in FrontView REIT, Inc. $FVR

Samalin Investment Counsel LLC acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,805 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in FrontView REIT in the 2nd quarter worth approximately $1,662,000. Los Angeles Capital Management LLC purchased a new position in shares of FrontView REIT in the 2nd quarter worth $1,361,000. Millennium Management LLC boosted its stake in shares of FrontView REIT by 12.9% in the 1st 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. Centersquare Investment Management LLC grew its holdings 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 period. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in FrontView REIT by 9.9% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 765,666 shares of the company’s stock valued at $9,793,000 after acquiring an additional 69,250 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on FVR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of FrontView REIT in a report on Wednesday, October 8th. Wall Street Zen lowered shares of FrontView REIT from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of FrontView REIT from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. One research 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 issued a Sell rating to the stock. According to data from MarketBeat, FrontView REIT has a consensus rating of “Hold” and a consensus target price of $15.70.

Insiders Place Their Bets

In other news, Director Elizabeth F. Frank purchased 2,808 shares of the company’s stock in a transaction on Friday, August 15th. The stock was acquired at an average cost of $12.44 per share, for a total transaction of $34,931.52. Following the completion of the transaction, the director directly owned 5,177 shares in the company, valued at $64,401.88. This trade represents a 118.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.30% of the stock is owned by corporate insiders.

FrontView REIT Stock Up 0.4%

FVR stock opened at $13.07 on Monday. The business’s 50-day moving average price is $13.62 and its 200-day moving average price is $12.63. The stock has a market cap of $267.49 million and a P/E ratio of -12.22. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. FrontView REIT, Inc. has a twelve month low of $10.61 and a twelve month high of $19.72.

FrontView REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.215 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a yield of 6.6%. FrontView REIT’s dividend payout ratio (DPR) is presently -80.37%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.