Huntington Initiates Coverage on FrontView REIT (NYSE:FVR)

Equities researchers at Huntington began coverage on shares of FrontView REIT (NYSE:FVR) in a note issued to investors on Wednesday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

A number of other research analysts have also weighed in on the company. Weiss Ratings raised FrontView REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. JonesTrading reiterated a “buy” rating and issued a $21.00 price objective on shares of FrontView REIT in a report on Thursday, August 6th. Morgan Stanley boosted their price target on shares of FrontView REIT from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Finally, BMO Capital Markets lowered their price target on FrontView REIT from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.72.

FrontView REIT Trading Down 0.8%

NYSE:FVR opened at $19.14 on Wednesday. The stock has a market capitalization of $468.11 million, a PE ratio of -239.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.02. The firm’s 50 day moving average is $17.87 and its 200 day moving average is $18.01. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. FrontView REIT has a 12 month low of $12.89 and a 12 month high of $22.29.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The firm had revenue of $17.12 million for the quarter, compared to analysts’ expectations of $18.67 million. FrontView REIT had a negative return on equity of 0.01% and a negative net margin of 0.04%. Sell-side analysts expect that FrontView REIT will post 1.20 earnings per share for the current year.

Hedge Funds Weigh In On FrontView REIT

A number of hedge funds have recently bought and sold shares of FVR. BlackRock Inc. purchased a new position in shares of FrontView REIT during the second quarter valued at approximately $90,166,000. Corient Private Wealth LP purchased a new stake in FrontView REIT during the second quarter valued at approximately $12,544,000. Principal Financial Group Inc. raised its holdings in FrontView REIT by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 221,798 shares of the company’s stock worth $3,431,000 after purchasing an additional 5,014 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of FrontView REIT during the 2nd quarter valued at about $1,843,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of FrontView REIT by 333.2% in the first quarter. Dimensional Fund Advisors LP now owns 83,002 shares of the company’s stock worth $1,284,000 after purchasing an additional 63,840 shares during the period.

FrontView REIT Company Profile

FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.

Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.

FrontView REIT’s strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.