FrontView REIT (NYSE:FVR) Price Target Lowered to $22.00 at Morgan Stanley

FrontView REIT (NYSE:FVR) had its target price dropped by investment analysts at Morgan Stanley from $23.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 22.70% from the stock’s current price.

Several other analysts have also recently commented on the company. Bank of America initiated coverage on FrontView REIT in a report on Monday, October 28th. They set a “buy” rating and a $22.00 target price on the stock. Wells Fargo & Company began coverage on shares of FrontView REIT in a research note on Monday, October 28th. They issued an “overweight” rating and a $22.00 target price for the company. Capital One Financial initiated coverage on shares of FrontView REIT in a report on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on FrontView REIT in a research report on Monday, October 28th. They issued an “overweight” rating and a $21.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, FrontView REIT has an average rating of “Buy” and a consensus target price of $21.80.

FrontView REIT Stock Down 0.1 %

Shares of FrontView REIT stock traded down $0.02 during mid-day trading on Friday, reaching $17.93. 19,315 shares of the stock were exchanged, compared to its average volume of 58,364. FrontView REIT has a fifty-two week low of $17.80 and a fifty-two week high of $19.76. The company has a 50-day simple moving average of $18.87.

Insider Buying and Selling

In other FrontView REIT news, CEO Stephen Preston bought 3,540 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $18.74 per share, with a total value of $66,339.60. Following the acquisition, the chief executive officer now owns 3,640 shares of the company’s stock, valued at $68,213.60. The trade was a 3,540.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of FrontView REIT stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total transaction of $6,160,026.72. Following the transaction, the insider now directly owns 1,467,012 shares of the company’s stock, valued at approximately $26,875,659.84. This trade represents a 18.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.