FrontView REIT (NYSE:FVR) Earns Strong-Buy Rating from Analysts at Raymond James Financial

Raymond James Financial began coverage on shares of FrontView REIT (NYSE:FVR) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “strong-buy” rating and a $22.00 price target on the stock. Raymond James Financial’s target price indicates a potential upside of 16.15% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Zacks Research downgraded shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. BMO Capital Markets initiated coverage on shares of FrontView REIT in a research note on Friday, April 17th. They issued an “outperform” rating and a $20.00 price objective for the company. JonesTrading restated a “buy” rating and issued a $19.00 price objective on shares of FrontView REIT in a research note on Tuesday, June 2nd. Finally, Compass Point initiated coverage on shares of FrontView REIT in a research note on Monday, June 1st. They issued a “buy” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, FrontView REIT presently has an average rating of “Moderate Buy” and a consensus price target of $18.28.

FrontView REIT Stock Performance

Shares of FVR stock opened at $18.94 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $17.27 and a 200 day moving average price of $16.31. The company has a market cap of $429.01 million, a P/E ratio of -118.38, a PEG ratio of 0.92 and a beta of 1.24. FrontView REIT has a 12 month low of $10.81 and a 12 month high of $19.16.

Hedge Funds Weigh In On FrontView REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in FrontView REIT during the fourth quarter worth about $30,000. Strs Ohio purchased a new position in FrontView REIT during the first quarter worth about $35,000. Public Employees Retirement System of Ohio purchased a new position in FrontView REIT during the fourth quarter worth about $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FrontView REIT by 13.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock worth $116,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in FrontView REIT by 16.5% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock worth $143,000 after purchasing an additional 1,348 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.