FrontView REIT (NYSE:FVR) Shares Down 3.6% – Time to Sell?

FrontView REIT, Inc. (NYSE:FVR) traded down 3.6% during trading on Friday . The company traded as low as $18.13 and last traded at $18.20. 280,840 shares were traded during trading, an increase of 3% from the average session volume of 273,389 shares. The stock had previously closed at $18.87.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FVR. Bank of America initiated coverage on FrontView REIT in a research report on Monday, October 28th. They issued a “buy” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of FrontView REIT in a report on Monday, October 28th. They issued an “overweight” rating and a $21.00 price target for the company. Morgan Stanley began coverage on shares of FrontView REIT in a research note on Monday, October 28th. They issued an “overweight” rating and a $23.00 target price for the company. Capital One Financial began coverage on FrontView REIT in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Wells Fargo & Company began coverage on FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $22.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, FrontView REIT presently has an average rating of “Buy” and a consensus target price of $22.00.

FrontView REIT Price Performance

The stock has a 50-day moving average of $18.98.

FrontView REIT Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, December 31st.

Insider Activity at FrontView REIT

In other FrontView REIT news, CEO Stephen Preston bought 3,540 shares of FrontView REIT stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $18.74 per share, with a total value of $66,339.60. Following the completion of the transaction, the chief executive officer now owns 3,640 shares in the company, valued at $68,213.60. The trade was a 3,540.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the sale, the insider now directly owns 1,467,012 shares in the company, valued at $26,875,659.84. This represents a 18.65 % decrease in their position. The disclosure for this sale can be found here.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.