FrontView REIT (NYSE:FVR) Research Coverage Started at Jones Trading

Jones Trading started coverage on shares of FrontView REIT (NYSE:FVR) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $19.00 target price on the stock.

A number of other analysts have also recently commented on the stock. Zacks Research cut shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. JPMorgan Chase & Co. boosted their target price on shares of FrontView REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Wall Street Zen raised FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d)” rating on shares of FrontView REIT in a research note on Monday, December 29th. Finally, Wells Fargo & Company boosted their price target on FrontView REIT from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, FrontView REIT currently has a consensus rating of “Hold” and a consensus target price of $15.80.

FrontView REIT Trading Down 1.2%

Shares of FrontView REIT stock opened at $16.19 on Wednesday. The stock has a fifty day moving average price of $15.08 and a 200-day moving average price of $13.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $350.43 million, a PE ratio of -19.74 and a beta of 1.33. FrontView REIT has a 1 year low of $10.61 and a 1 year high of $18.17.

FrontView REIT (NYSE:FVR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). FrontView REIT had a negative net margin of 32.21% and a negative return on equity of 4.25%. The business had revenue of $16.89 million during the quarter, compared to analysts’ expectations of $17.34 million. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. Equities research analysts anticipate that FrontView REIT will post 1.22 EPS for the current year.

FrontView REIT announced that its Board of Directors has initiated a share buyback program on Monday, November 24th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 23.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, December 31st. FrontView REIT’s dividend payout ratio (DPR) is -104.88%.

Institutional Trading of FrontView REIT

A number of hedge funds have recently bought and sold shares of FVR. State of Alaska Department of Revenue raised its stake in shares of FrontView REIT by 9.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,275 shares of the company’s stock valued at $126,000 after acquiring an additional 783 shares during the period. Strs Ohio grew its stake in FrontView REIT by 29.6% during the 3rd quarter. Strs Ohio now owns 3,500 shares of the company’s stock worth $48,000 after buying an additional 800 shares during the last quarter. Sei Investments Co. increased its stake in FrontView REIT by 6.6% in the third quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock valued at $241,000 after purchasing an additional 1,084 shares during the period. Centersquare Investment Management LLC raised its stake in shares of FrontView REIT by 0.6% during the third quarter. Centersquare Investment Management LLC now owns 184,370 shares of the company’s stock worth $2,528,000 after purchasing an additional 1,150 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after purchasing an additional 1,156 shares during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.