FrontView REIT (NYSE:FVR) Upgraded at Wolfe Research

Wolfe Research upgraded shares of FrontView REIT (NYSE:FVR) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

FVR has been the subject of several other reports. Compass Point initiated coverage on shares of FrontView REIT in a report on Monday, June 1st. They set a “buy” rating and a $21.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of FrontView REIT in a research report on Wednesday. JonesTrading upped their price objective on FrontView REIT from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research cut FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Raymond James Financial began coverage on FrontView REIT in a research note on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.88.

FrontView REIT Price Performance

Shares of FVR opened at $20.54 on Monday. 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 fifty-two week low of $11.19 and a fifty-two week high of $20.62. The business’s 50-day moving average is $18.48 and its 200-day moving average is $16.87. The company has a market capitalization of $465.25 million, a price-to-earnings ratio of -128.38, a P/E/G ratio of 1.60 and a beta of 1.07.

FrontView REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. FrontView REIT’s payout ratio is -537.50%.

Institutional Trading of FrontView REIT

Several hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of FrontView REIT during the fourth quarter worth about $30,000. Strs Ohio purchased a new stake in FrontView REIT during the first quarter worth about $35,000. Public Employees Retirement System of Ohio bought a new position in FrontView REIT during the fourth quarter valued at $106,000. Resona Asset Management Co. Ltd. increased its holdings in FrontView REIT by 16.5% in the 4th quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock worth $143,000 after acquiring an additional 1,348 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after purchasing an additional 1,156 shares during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.