FrontView REIT, Inc. (NYSE:FVR) CEO Acquires $49,571.44 in Stock

FrontView REIT, Inc. (NYSE:FVR) CEO Randall Starr acquired 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the purchase, the chief executive officer now owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FrontView REIT Stock Down 2.1 %

Shares of NYSE:FVR opened at $12.88 on Friday. The business’s 50 day simple moving average is $16.30. FrontView REIT, Inc. has a one year low of $12.72 and a one year high of $19.76.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. As a group, equities research analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 6.68%. The ex-dividend date is Monday, March 31st.

Institutional Investors Weigh In On FrontView REIT

Several hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. acquired a new stake in FrontView REIT during the 4th quarter worth $27,000. Tower Research Capital LLC TRC bought a new stake in shares of FrontView REIT in the fourth quarter worth about $34,000. Nisa Investment Advisors LLC bought a new position in shares of FrontView REIT during the 4th quarter valued at about $73,000. Quantbot Technologies LP acquired a new position in shares of FrontView REIT in the 4th quarter valued at approximately $114,000. Finally, SG Americas Securities LLC acquired a new position in shares of FrontView REIT in the 4th quarter valued at approximately $119,000.

Analysts Set New Price Targets

Several research firms have weighed in on FVR. Wells Fargo & Company lowered their price objective on shares of FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Morgan Stanley lowered their price target on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $21.20.

About FrontView REIT

FrontView REIT specializes in real estate investing.