FrontView REIT (NYSE:FVR) Stock Gets Price Target Cut from Freedom Broker

FrontView REIT (NYSE:FVR) had its price objective decreased by Freedom Broker from $22.00 to $21.00 in a research report sent to investors on Monday morning,Benzinga reports. Freedom Broker currently has a buy rating on the stock.

A number of other analysts also recently commented on FVR. Wells Fargo & Company dropped their target price on shares of FrontView REIT from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. JPMorgan Chase & Co. raised their target price on shares of FrontView REIT from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. JonesTrading decreased their price target on shares of FrontView REIT from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. BMO Capital Markets decreased their price target on shares of FrontView REIT from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Finally, Huntington initiated coverage on FrontView REIT in a report on Wednesday, November 4th. They issued a “strong-buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FrontView REIT currently has an average rating of “Moderate Buy” and a consensus target price of $21.55.

FrontView REIT Price Performance

NYSE:FVR opened at $19.22 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $17.86 and its 200 day moving average price is $18.07. FrontView REIT has a 52-week low of $13.36 and a 52-week high of $22.29. The firm has a market cap of $470.02 million, a P/E ratio of -240.24, a PEG ratio of 2.09 and a beta of 1.02.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. FrontView REIT had a negative net margin of 0.04% and a negative return on equity of 0.01%. The company had revenue of $17.12 million during the quarter, compared to the consensus estimate of $18.67 million. As a group, sell-side analysts predict that FrontView REIT will post 1.20 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, December 31st. FrontView REIT’s payout ratio is presently -1,075.00%.

Institutional Trading of FrontView REIT

A number of hedge funds have recently bought and sold shares of FVR. Legal & General Group Plc purchased a new position in FrontView REIT during the 2nd quarter worth approximately $43,000. Avalon Trust Co acquired a new stake in shares of FrontView REIT in the second quarter worth $48,000. Global Retirement Partners LLC boosted its position in shares of FrontView REIT by 420.5% in the third quarter. Global Retirement Partners LLC now owns 4,601 shares of the company’s stock worth $77,000 after buying an additional 3,717 shares during the period. State of Wyoming purchased a new position in shares of FrontView REIT during the second quarter valued at $166,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of FrontView REIT by 7.9% during the third quarter. State of Alaska Department of Revenue now owns 14,144 shares of the company’s stock valued at $234,000 after buying an additional 1,034 shares in the last quarter.

About FrontView REIT

FrontView REIT, Inc. is a real estate investment trust that owns and acquires freestanding commercial properties across the United States. Its portfolio is centered on properties with prominent frontage and visibility along busy roads, where location can help tenants reach customers. The company leases its properties to businesses in a range of sectors, including retail, restaurants and automotive services. Its leases are generally structured as net leases, under which tenants are responsible for certain property expenses in addition to rent.