JPMorgan Chase & Co. Cuts FrontView REIT (NYSE:FVR) Price Target to $14.00

FrontView REIT (NYSE:FVR) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $15.00 to $14.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.84% from the stock’s previous close.

A number of other brokerages have also recently weighed in on FVR. Wells Fargo & Company dropped their price objective on shares of FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Bank of America cut FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

FrontView REIT Stock Down 2.1%

Shares of NYSE:FVR traded down $0.25 during midday trading on Tuesday, reaching $11.68. 19,894 shares of the company’s stock were exchanged, compared to its average volume of 188,090. FrontView REIT has a fifty-two week low of $10.61 and a fifty-two week high of $19.76. The firm’s 50 day simple moving average is $11.81 and its two-hundred day simple moving average is $15.23.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. Sell-side analysts expect that FrontView REIT will post 1.22 EPS for the current year.

Insider Activity at FrontView REIT

In other news, CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, the chief executive officer now directly owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of FrontView REIT

Several hedge funds have recently bought and sold shares of FVR. FNY Investment Advisers LLC purchased a new stake in shares of FrontView REIT during the first quarter valued at approximately $25,000. Summit Investment Advisors Inc. bought a new position in FrontView REIT in the 4th quarter valued at $27,000. Tower Research Capital LLC TRC bought a new position in FrontView REIT in the 4th quarter valued at $34,000. Strs Ohio purchased a new stake in shares of FrontView REIT during the 1st quarter valued at $35,000. Finally, New York State Common Retirement Fund bought a new stake in shares of FrontView REIT during the 1st quarter worth $38,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.