FrontView REIT, Inc.’s (NYSE:FVR) Lock-Up Period To End Tomorrow

FrontView REIT’s (NYSE:FVR) lock-up period will end on Monday, March 31st. FrontView REIT had issued 13,200,000 shares in its public offering on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Several research analysts recently commented on FVR shares. Morgan Stanley reduced their price objective on shares of 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 reduced their price target on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $21.20.

FrontView REIT Stock Performance

FVR opened at $12.88 on Friday. The firm’s 50-day moving average is $16.30. FrontView REIT has a 52-week low of $12.72 and a 52-week high of $19.76.

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

FrontView REIT Dividend Announcement

The company 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 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 yield of 6.68%.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of FrontView REIT stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of $13.34 per share, with a total value of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares of the company’s stock, valued at $49,571.44. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of FrontView REIT

Several large investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. acquired a new position in FrontView REIT during the fourth quarter valued at $27,000. Tower Research Capital LLC TRC acquired a new position in shares of FrontView REIT in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT in the fourth quarter worth about $73,000. Quantbot Technologies LP purchased a new stake in shares of FrontView REIT in the fourth quarter worth about $114,000. Finally, SG Americas Securities LLC acquired a new stake in FrontView REIT during the fourth quarter worth about $119,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.