Soros Fund Management LLC Takes $3.99 Million Position in FrontView REIT, Inc. (NYSE:FVR)

Soros Fund Management LLC acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 220,000 shares of the company’s stock, valued at approximately $3,989,000. Soros Fund Management LLC owned about 1.37% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $73,000. Quantbot Technologies LP bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $114,000. Finally, SG Americas Securities LLC bought a new position in FrontView REIT in the 4th quarter valued at $119,000.

FrontView REIT Stock Performance

FVR stock opened at $12.38 on Wednesday. FrontView REIT, Inc. has a twelve month low of $10.61 and a twelve month high of $19.76. The business has a fifty day moving average of $13.69 and a 200-day moving average of $16.71.

FrontView REIT (NYSE:FVR) last released 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 during the quarter, compared to the consensus estimate of $15.45 million. On average, research analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.215 per share. The ex-dividend date was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.95%.

Insider Buying and Selling

In related news, CEO Randall Starr acquired 3,716 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares in the company, valued at approximately $49,571.44. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FVR shares. Morgan Stanley cut their price objective on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $20.80.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.