FrontView REIT, Inc. (NYSE:FVR) Shares Set to Pay Quarterly Dividend of $0.21

FrontView REIT, Inc. (NYSE:FVR) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, December 31st will be paid a dividend of $0.2150 per share on Friday, January 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, December 31st.

FrontView REIT Stock Performance

Shares of FrontView REIT stock opened at $19.43 on Thursday. The firm has a market capitalization of $475.21 million, a P/E ratio of 647.60, a P/E/G ratio of 1.62 and a beta of 1.02. FrontView REIT has a 52 week low of $12.89 and a 52 week high of $22.29. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $17.88 and its two-hundred day moving average is $18.00.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.10. The business had revenue of $17.12 million during the quarter, compared to the consensus estimate of $18.67 million. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. Research analysts forecast that FrontView REIT will post 1.20 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FVR shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $23.00 target price on shares of FrontView REIT in a research report on Thursday, August 13th. Weiss Ratings raised shares of FrontView REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. JonesTrading restated a “buy” rating and issued a $21.00 price objective on shares of FrontView REIT in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on FrontView REIT from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.72.

FrontView REIT Company Profile

FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.

Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.

FrontView REIT’s strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.