FrontView REIT (NYSE:FVR) Price Target Raised to $24.00

FrontView REIT (NYSE:FVR) had its price target boosted by BMO Capital Markets from $21.00 to $24.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

FVR has been the subject of a number of other reports. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Huntington initiated coverage on FrontView REIT in a research note on Wednesday, July 15th. They set an “outperform” rating and a $22.50 price target for the company. Citigroup reissued a “buy” rating on shares of FrontView REIT in a report on Wednesday, July 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 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.83.

FrontView REIT Stock Down 2.6%

FrontView REIT stock opened at $21.11 on Monday. The company has a market capitalization of $478.23 million, a P/E ratio of -131.96, a P/E/G ratio of 1.70 and a beta of 1.08. The firm’s fifty day simple moving average is $19.51 and its 200-day simple moving average is $17.50. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. FrontView REIT has a 1-year low of $11.19 and a 1-year high of $22.29.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 30th. FrontView REIT’s dividend payout ratio is -537.50%.

Hedge Funds Weigh In On FrontView REIT

A number of institutional investors have recently made changes to their positions in FVR. Millennium Management LLC lifted 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 purchasing an additional 96,011 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in FrontView REIT in the 1st quarter valued at approximately $174,000. Strs Ohio acquired a new stake in FrontView REIT in the 1st quarter valued at approximately $35,000. Geode Capital Management LLC grew its holdings 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 buying an additional 76,619 shares during the last quarter. Finally, Rhumbline Advisers increased its position in FrontView REIT by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 16,688 shares of the company’s stock worth $200,000 after buying an additional 1,288 shares during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.