FrontView REIT (NYSE:FVR) Upgraded to “Strong-Buy” at Wolfe Research

Wolfe Research upgraded shares of FrontView REIT (NYSE:FVR) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

FVR has been the subject of a number of other research reports. JonesTrading raised their price target on shares of FrontView REIT from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday. B. Riley Financial upped their target price on FrontView REIT from $20.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Citigroup reissued a “buy” rating on shares of FrontView REIT in a report on Wednesday. Weiss Ratings upgraded FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Raymond James Financial assumed coverage on FrontView REIT in a report on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.88.

FrontView REIT Stock Up 1.5%

FVR stock opened at $20.54 on Monday. The stock has a market capitalization of $465.25 million, a PE ratio of -128.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.07. FrontView REIT has a 52 week low of $11.19 and a 52 week high of $20.62. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $18.48 and a 200 day moving average of $16.87.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid 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 4.2%. FrontView REIT’s dividend payout ratio (DPR) is presently -537.50%.

Institutional Trading of FrontView REIT

A number of hedge funds have recently modified their holdings of the stock. One Wealth Management Investment & Advisory Services LLC purchased a new position in FrontView REIT during the fourth quarter valued at approximately $2,442,000. SlateStone Wealth LLC purchased a new stake in FrontView REIT in the 4th quarter worth approximately $3,645,000. Corient Private Wealth LLC grew its stake in shares of FrontView REIT by 353.1% during the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after purchasing an additional 592,940 shares during the period. First Eagle Investment Management LLC grew its stake in shares of FrontView REIT by 1,230.4% during the 4th quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock worth $5,891,000 after purchasing an additional 369,126 shares during the period. Finally, First Dallas Securities Inc. purchased a new position in shares of FrontView REIT during the 4th quarter valued at approximately $319,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.