Short Interest in FrontView REIT, Inc. (NYSE:FVR) Increases By 847.2%

FrontView REIT, Inc. (NYSE:FVR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,091,058 shares, a growth of 847.2% from the May 31st total of 220,759 shares. Currently, 10.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 182,604 shares, the short-interest ratio is presently 11.5 days.

FrontView REIT Trading Down 0.6%

Shares of FrontView REIT stock opened at $19.70 on Friday. The stock has a 50 day moving average of $18.23 and a 200 day moving average of $16.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $446.16 million, a price-to-earnings ratio of -123.11, a PEG ratio of 1.56 and a beta of 1.23. FrontView REIT has a fifty-two week low of $11.19 and a fifty-two week high of $20.44.

FrontView REIT Announces Dividend

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. The ex-dividend date is Tuesday, June 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.4%. FrontView REIT’s dividend payout ratio is currently -537.50%.

Wall Street Analysts Forecast Growth

FVR has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Raymond James Financial assumed coverage on shares of FrontView REIT in a research note on Tuesday, June 9th. They issued a “strong-buy” rating and a $22.00 target price on the stock. B. Riley Financial upped their price target on FrontView REIT from $20.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings raised FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Compass Point assumed coverage on FrontView REIT in a report on Monday, June 1st. They issued a “buy” rating and a $21.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.62.

Institutional Trading of FrontView REIT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of FrontView REIT by 10.8% in the 4th quarter. CWM LLC now owns 10,283 shares of the company’s stock worth $152,000 after acquiring an additional 1,001 shares during the last quarter. Sei Investments Co. increased its holdings in FrontView REIT by 6.6% in the 3rd 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 last quarter. Centersquare Investment Management LLC raised its position in FrontView REIT by 0.6% in the third quarter. Centersquare Investment Management LLC now owns 184,370 shares of the company’s stock valued at $2,528,000 after purchasing an additional 1,150 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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. Finally, Rhumbline Advisers lifted its stake in FrontView REIT by 8.4% during the second quarter. Rhumbline Advisers now owns 16,688 shares of the company’s stock worth $200,000 after purchasing an additional 1,288 shares in the last quarter.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.