FrontView REIT (NYSE:FVR) Raised to Strong-Buy at Wolfe Research

FrontView REIT (NYSE:FVR) was upgraded by investment analysts at Wolfe Research to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Raymond James Financial started coverage on FrontView REIT in a research note on Tuesday, June 9th. They issued a “strong-buy” rating and a $22.00 price objective for the company. Wells Fargo & Company upped their target price on FrontView REIT from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on shares of FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Zacks Research lowered shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Citigroup reissued a “buy” rating on shares of FrontView REIT in a research report on Wednesday. Two equities research analysts have 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.88.

FrontView REIT Stock Performance

Shares of FVR opened at $20.54 on Monday. The stock has a 50-day moving average of $18.48 and a two-hundred day moving average of $16.87. FrontView REIT has a one year low of $11.19 and a one year high of $20.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $465.25 million, a P/E ratio of -128.38, a P/E/G ratio of 1.60 and a beta of 1.07.

Hedge Funds Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in FrontView REIT during the fourth quarter worth about $30,000. Strs Ohio purchased a new stake in FrontView REIT in the 1st quarter worth approximately $35,000. Public Employees Retirement System of Ohio purchased a new stake in FrontView REIT in the 4th quarter worth approximately $106,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of FrontView REIT by 13.6% during the 2nd 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 period. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of FrontView REIT by 16.5% during the 4th 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 during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.