Insider Buying: FrontView REIT, Inc. (NYSE:FVR) CEO Acquires 3,716 Shares of Stock

FrontView REIT, Inc. (NYSE:FVR) CEO Randall Starr bought 3,716 shares of the firm’s stock in a transaction 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 owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

FrontView REIT Trading Up 0.8 %

FrontView REIT stock opened at $13.15 on Friday. The stock has a fifty day moving average price of $16.39. FrontView REIT, Inc. has a fifty-two week low of $12.96 and a fifty-two week high of $19.76.

FrontView REIT (NYSE:FVR) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. As a group, sell-side analysts anticipate that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend is Monday, March 31st.

Institutional Trading of FrontView REIT

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FVR shares. Morgan Stanley reduced their target price on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company decreased their price target on shares of FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.