FrontView REIT (NYSE:FVR) Price Target Raised to $21.00 at JonesTrading

FrontView REIT (NYSE:FVR) had its price target upped by equities researchers at JonesTrading from $19.00 to $21.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. JonesTrading’s price target suggests a potential upside of 3.22% from the stock’s current price.

Several other research analysts have also recently commented on FVR. Citigroup restated a “buy” rating on shares of FrontView REIT in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of FrontView REIT from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. B. Riley Financial increased their price objective on shares of FrontView REIT from $20.50 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. BMO Capital Markets began coverage on FrontView REIT in a report on Friday, April 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Weiss Ratings upgraded FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FrontView REIT has a consensus rating of “Moderate Buy” and an average price target of $19.88.

FrontView REIT Stock Up 0.6%

Shares of FVR traded up $0.12 during mid-day trading on Wednesday, hitting $20.34. 70,086 shares of the company’s stock were exchanged, compared to its average volume of 149,351. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69. FrontView REIT has a 52 week low of $11.19 and a 52 week high of $20.52. The company has a market cap of $460.81 million, a PE ratio of -127.16, a P/E/G ratio of 1.60 and a beta of 1.23. The company has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $16.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its holdings in FrontView REIT by 10.8% during the 4th quarter. CWM LLC now owns 10,283 shares of the company’s stock valued at $152,000 after purchasing an additional 1,001 shares during the last quarter. Sei Investments Co. grew its stake in FrontView REIT by 6.6% in the 3rd quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock valued at $241,000 after buying an additional 1,084 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 acquiring an additional 1,156 shares during the period. Rhumbline Advisers lifted its holdings in FrontView REIT by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 16,688 shares of the company’s stock worth $200,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in shares of FrontView REIT by 16.5% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock valued at $143,000 after acquiring an additional 1,348 shares during the period.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.