Wells Fargo & Company Has Lowered Expectations for FrontView REIT (NYSE:FVR) Stock Price

FrontView REIT (NYSE:FVR) had its target price lowered by Wells Fargo & Company from $19.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 51.23% from the company’s previous close.

Separately, Morgan Stanley cut their price objective on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $20.80.

FrontView REIT Stock Performance

NYSE FVR opened at $11.24 on Friday. FrontView REIT has a 1-year low of $10.61 and a 1-year high of $19.76. The stock has a fifty day moving average of $14.95.

FrontView REIT (NYSE:FVR) last issued its 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 analysts’ expectations of $15.45 million. On average, sell-side analysts predict that FrontView REIT will post 1.22 EPS for the current year.

Insider Activity

In other 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 acquisition, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new stake in shares of FrontView REIT in the fourth quarter valued at about $26,597,000. Zimmer Partners LP bought a new stake in FrontView REIT during the 4th quarter valued at approximately $23,571,000. Citadel Advisors LLC acquired a new stake in FrontView REIT in the 4th quarter valued at approximately $15,410,000. Millennium Management LLC bought a new position in FrontView REIT in the 4th quarter worth approximately $13,525,000. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new position in shares of FrontView REIT during the fourth quarter worth approximately $12,626,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.