Hsbc Holdings PLC Trims Holdings in FrontView REIT, Inc. $FVR

Hsbc Holdings PLC trimmed its holdings in shares of FrontView REIT, Inc. (NYSE:FVR) by 31.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,933 shares of the company’s stock after selling 29,167 shares during the quarter. Hsbc Holdings PLC owned 0.28% of FrontView REIT worth $974,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in FrontView REIT by 353.1% in the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after buying an additional 592,940 shares during the period. Invesco Ltd. raised its stake in shares of FrontView REIT by 2,897.7% during the fourth quarter. Invesco Ltd. now owns 421,933 shares of the company’s stock valued at $6,228,000 after acquiring an additional 407,858 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of FrontView REIT by 1,230.4% during the fourth quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock valued at $5,891,000 after acquiring an additional 369,126 shares in the last quarter. SlateStone Wealth LLC purchased a new stake in shares of FrontView REIT in the fourth quarter valued at approximately $3,645,000. Finally, Vanguard Group Inc. boosted its holdings in shares of FrontView REIT by 14.7% in the third quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock valued at $14,259,000 after purchasing an additional 133,067 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on FVR shares. Wolfe Research upgraded FrontView REIT to a “strong-buy” rating in a report on Monday, June 29th. JonesTrading upped their target price on FrontView REIT from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Wells Fargo & Company increased their price target on FrontView REIT from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Morgan Stanley raised their price target on FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Huntington initiated coverage on FrontView REIT in a report on Wednesday, July 15th. They issued an “outperform” rating and a $22.50 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, FrontView REIT presently has an average rating of “Moderate Buy” and a consensus target price of $21.83.

FrontView REIT Price Performance

NYSE FVR opened at $21.10 on Wednesday. The company has a market cap of $477.94 million, a PE ratio of -131.88, a P/E/G ratio of 1.67 and a beta of 1.08. The firm’s 50 day moving average price is $19.80 and its 200-day moving average price is $17.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. FrontView REIT, Inc. has a 52-week low of $11.19 and a 52-week high of $22.29.

FrontView REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. FrontView REIT’s dividend payout ratio (DPR) is -537.50%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.