FrontView REIT, Inc. $FVR Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC cut its holdings in FrontView REIT, Inc. (NYSE:FVR) by 48.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,290 shares of the company’s stock after selling 90,080 shares during the quarter. Centersquare Investment Management LLC’s holdings in FrontView REIT were worth $1,392,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Strs Ohio acquired a new position in FrontView REIT in the first quarter valued at $35,000. Resona Asset Management Co. Ltd. increased its stake in FrontView REIT by 16.5% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock valued at $143,000 after purchasing an additional 1,348 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after purchasing an additional 1,156 shares during the period. CWM LLC increased its stake in FrontView REIT by 10.8% in the fourth quarter. CWM LLC now owns 10,283 shares of the company’s stock valued at $152,000 after purchasing an additional 1,001 shares during the period. Finally, Intech Investment Management LLC acquired a new position in FrontView REIT in the fourth quarter valued at $162,000.

FrontView REIT Trading Down 0.0%

Shares of FrontView REIT stock opened at $19.61 on Friday. FrontView REIT, Inc. has a 52-week low of $10.81 and a 52-week high of $19.92. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $17.53 and its 200-day simple moving average is $16.42. The firm has a market cap of $444.19 million, a price-to-earnings ratio of -122.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s payout ratio is -537.50%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FVR. JPMorgan Chase & Co. lifted their price objective on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Raymond James Financial began coverage on shares of FrontView REIT in a research note on Tuesday. They issued a “strong-buy” rating and a $22.00 price objective on the stock. Compass Point began coverage on shares of FrontView REIT in a research note on Monday, June 1st. They issued a “buy” rating and a $21.00 price objective on the stock. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of FrontView REIT from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FrontView REIT has a consensus rating of “Moderate Buy” and an average target price of $18.28.

About FrontView REIT

FrontView REIT specializes in real estate investing.