FrontView REIT, Inc. (NYSE:FVR) Short Interest Update

FrontView REIT, Inc. (NYSE:FVR) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 536,633 shares, a drop of 17.8% from the December 31st total of 652,895 shares. Based on an average daily volume of 265,469 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.6% of the shares of the company are sold short. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 265,469 shares, the days-to-cover ratio is currently 2.0 days.

FrontView REIT Stock Performance

NYSE FVR traded up $0.02 during trading on Wednesday, reaching $16.47. The company’s stock had a trading volume of 76,707 shares, compared to its average volume of 218,261. The firm has a 50 day moving average price of $15.58 and a 200 day moving average price of $14.14. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $18.01. The firm has a market capitalization of $356.58 million, a price-to-earnings ratio of -20.09 and a beta of 1.33. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.61.

FrontView REIT (NYSE:FVR) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The business had revenue of $16.89 million during the quarter, compared to analyst estimates of $17.34 million. FrontView REIT had a negative net margin of 32.21% and a negative return on equity of 4.25%. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. As a group, equities analysts anticipate that FrontView REIT will post 1.22 EPS for the current fiscal year.

FrontView REIT announced that its board has initiated a stock repurchase program on Monday, November 24th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 23.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, December 31st. FrontView REIT’s dividend payout ratio is presently -104.88%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of FrontView REIT from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Morgan Stanley upped their price target on shares of FrontView REIT from $13.50 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 31st. Zacks Research raised shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings restated a “sell (d)” rating on shares of FrontView REIT in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price on FrontView REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FrontView REIT presently has a consensus rating of “Hold” and an average price target of $15.80.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in FrontView REIT during the first quarter worth about $35,000. CWM LLC boosted its position in shares of FrontView REIT by 18,067.6% during the 2nd quarter. CWM LLC now owns 6,722 shares of the company’s stock worth $81,000 after acquiring an additional 6,685 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of FrontView REIT by 25.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,492 shares of the company’s stock worth $101,000 after acquiring an additional 1,732 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in FrontView REIT by 26.5% during the third quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock valued at $111,000 after purchasing an additional 1,708 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 during the last quarter.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.