246,945 Shares in FrontView REIT, Inc. $FVR Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 246,945 shares of the company’s stock, valued at approximately $3,645,000. SlateStone Wealth LLC owned approximately 1.14% of FrontView REIT at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FVR. Millennium Management LLC boosted its position in shares of FrontView REIT by 12.9% during the 1st quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock worth $10,769,000 after acquiring an additional 96,011 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FrontView REIT during the 1st quarter worth approximately $174,000. Strs Ohio acquired a new stake in shares of FrontView REIT during the 1st quarter worth approximately $35,000. Geode Capital Management LLC lifted its stake in FrontView REIT by 23.1% in the 2nd quarter. Geode Capital Management LLC now owns 408,633 shares of the company’s stock valued at $4,904,000 after purchasing an additional 76,619 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in FrontView REIT by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 16,688 shares of the company’s stock valued at $200,000 after purchasing an additional 1,288 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on FVR. BMO Capital Markets began coverage on shares of FrontView REIT in a research report on Friday, April 17th. They issued an “outperform” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Compass Point began coverage on shares of FrontView REIT in a research report on Monday. They issued a “buy” rating and a $21.00 target price on the stock. B. Riley Financial began coverage on shares of FrontView REIT in a research report on Thursday, March 19th. They issued a “buy” rating and a $20.50 target price on the stock. Finally, Zacks Research lowered shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.81.

FrontView REIT Stock Performance

Shares of FrontView REIT stock opened at $18.29 on Friday. The firm has a market capitalization of $414.27 million, a P/E ratio of -114.31, a P/E/G ratio of 0.88 and a beta of 1.23. The company’s 50 day moving average price is $17.14 and its two-hundred day moving average price is $16.24. 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, Inc. has a fifty-two week low of $10.81 and a fifty-two week high of $18.49.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s payout ratio is -537.50%.

About FrontView REIT

FrontView REIT specializes in real estate investing.