FrontView REIT (NYSE:FVR) Now Covered by Huntington

Huntington began coverage on shares of FrontView REIT (NYSE:FVR) in a report released on Wednesday,Zacks reports. The firm issued a strong-buy rating on the stock.

Several other research firms also recently commented on FVR. Weiss Ratings raised FrontView REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Wells Fargo & Company cut their price objective on FrontView REIT from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Raymond James Financial reiterated a “strong-buy” rating and set a $23.00 price objective on shares of FrontView REIT in a research note on Thursday, August 13th. BMO Capital Markets reduced their target price on shares of FrontView REIT from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Finally, Morgan Stanley raised their target price on shares of FrontView REIT from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.72.

FrontView REIT Price Performance

Shares of FrontView REIT stock opened at $19.14 on Wednesday. The stock has a market cap of $468.11 million, a P/E ratio of -239.26, a P/E/G ratio of 1.67 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The stock’s fifty day moving average is $17.87 and its 200 day moving average is $18.01. FrontView REIT has a one year low of $12.89 and a one year high of $22.29.

FrontView REIT (NYSE:FVR) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.10. The business had revenue of $17.12 million during the quarter, compared to analyst estimates of $18.67 million. FrontView REIT had a negative return on equity of 0.01% and a negative net margin of 0.04%. Sell-side analysts anticipate that FrontView REIT will post 1.20 earnings per share for the current year.

FrontView REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.2150 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.86 annualized dividend and a yield of 4.5%. FrontView REIT’s dividend payout ratio is currently -1,075.00%.

Institutional Investors Weigh In On FrontView REIT

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in FrontView REIT in the 2nd quarter worth approximately $90,166,000. Corient Private Wealth LP bought a new position in FrontView REIT in the 2nd quarter worth approximately $12,544,000. Principal Financial Group Inc. boosted its stake in FrontView REIT by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 221,798 shares of the company’s stock worth $3,431,000 after purchasing an additional 5,014 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in FrontView REIT during the 2nd quarter valued at approximately $1,843,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in FrontView REIT during the 2nd quarter valued at approximately $1,660,000.

About FrontView REIT

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.