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 the company’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $13.34 per share, with a total value 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 trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

FrontView REIT Trading Down 2.1 %

NYSE:FVR opened at $12.88 on Friday. The firm has a fifty day moving average of $16.30. FrontView REIT, Inc. has a twelve month low of $12.72 and a twelve month high of $19.76.

FrontView REIT (NYSE:FVR) last announced its 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 for the quarter, compared to analysts’ expectations of $15.45 million. As a group, analysts predict that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FVR. Alyeska Investment Group L.P. purchased a new stake in FrontView REIT in the fourth quarter worth $26,597,000. Zimmer Partners LP bought a new stake in shares of FrontView REIT during the 4th quarter valued at $23,571,000. Citadel Advisors LLC purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $15,410,000. Millennium Management LLC purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $13,525,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in shares of FrontView REIT in the 4th quarter worth about $12,626,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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. Wells Fargo & Company dropped their target price on shares of FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, FrontView REIT currently has an average rating of “Buy” and a consensus target price of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.