Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 696,416 shares of the company’s stock, valued at approximately $12,626,000. Cbre Investment Management Listed Real Assets LLC owned about 4.33% of FrontView REIT as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FVR. abrdn plc purchased a new position in FrontView REIT during the fourth quarter worth about $7,268,000. State of New Jersey Common Pension Fund D purchased a new position in FrontView REIT during the fourth quarter worth about $1,632,000. Charles Schwab Investment Management Inc. purchased a new position in FrontView REIT during the fourth quarter worth about $754,000. Bank of New York Mellon Corp purchased a new position in FrontView REIT during the fourth quarter worth about $563,000. Finally, Exchange Traded Concepts LLC purchased a new position in FrontView REIT during the fourth quarter worth about $535,000.
Analyst Upgrades and Downgrades
FVR has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of FrontView REIT from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley dropped their target price on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, Capital One Financial began coverage on shares of FrontView REIT in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price target on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, FrontView REIT currently has a consensus rating of “Buy” and an average price target of $21.40.
FrontView REIT Stock Performance
Shares of NYSE:FVR opened at $16.48 on Wednesday. The business has a fifty day moving average of $17.41. FrontView REIT, Inc. has a one year low of $15.30 and a one year high of $19.76.
About FrontView REIT
FrontView REIT specializes in real estate investing.
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