FrontView REIT (NYSE:FVR) Rating Increased to Strong-Buy at Compass Point

Compass Point upgraded shares of FrontView REIT (NYSE:FVR) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. BMO Capital Markets started coverage on FrontView REIT in a research report on Friday, April 17th. They issued an “outperform” rating and a $20.00 target price on the stock. JonesTrading reaffirmed a “buy” rating and issued a $19.00 target price on shares of FrontView REIT in a research report on Tuesday. Weiss Ratings raised FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. B. Riley Financial began coverage on FrontView REIT in a research report on Thursday, March 19th. They issued a “buy” rating and a $20.50 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

FrontView REIT Stock Performance

Shares of FVR opened at $18.18 on Monday. The business’s 50 day moving average is $16.99 and its two-hundred day moving average is $16.15. FrontView REIT has a 52-week low of $10.81 and a 52-week high of $18.49. The firm has a market cap of $411.66 million, a price-to-earnings ratio of -113.59, a PEG ratio of 0.88 and a beta of 1.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61.

FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s payout ratio is -537.50%.

Institutional Investors Weigh In On FrontView REIT

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of FrontView REIT by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock valued at $14,259,000 after acquiring an additional 133,067 shares during the last quarter. Millennium Management LLC grew its stake in FrontView REIT by 12.9% during the 1st quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock worth $10,769,000 after buying an additional 96,011 shares during the last quarter. Corient Private Wealth LLC grew its stake in FrontView REIT by 353.1% during the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after buying an additional 592,940 shares during the last quarter. Citadel Advisors LLC grew its stake in FrontView REIT by 19.8% during the 3rd quarter. Citadel Advisors LLC now owns 548,790 shares of the company’s stock worth $7,524,000 after buying an additional 90,715 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in FrontView REIT by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 514,946 shares of the company’s stock worth $7,602,000 after buying an additional 43,773 shares during the last quarter.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.