FrontView REIT (NYSE:FVR) Given New $20.00 Price Target at Wells Fargo & Company

FrontView REIT (NYSE:FVR) had its price objective cut by stock analysts at Wells Fargo & Company from $23.00 to $20.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 19.33% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Huntington initiated coverage on shares of FrontView REIT in a report on Wednesday, July 15th. They set an “outperform” rating and a $22.50 price objective for the company. BMO Capital Markets lowered their target price on shares of FrontView REIT from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $23.00 target price on shares of FrontView REIT in a report on Thursday, August 13th. Citigroup reissued a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. Finally, Wall Street Zen lowered shares of FrontView REIT from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.72.

FrontView REIT Trading Down 2.3%

Shares of NYSE FVR traded down $0.39 during midday trading on Monday, hitting $16.76. The stock had a trading volume of 85,380 shares, compared to its average volume of 167,485. The company’s 50-day simple moving average is $18.32 and its 200 day simple moving average is $18.65. The firm has a market cap of $409.95 million, a P/E ratio of 558.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. FrontView REIT has a fifty-two week low of $12.89 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.57 and a quick ratio of 0.57.

FrontView REIT (NYSE:FVR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. FrontView REIT had a return on equity of 0.29% and a net margin of 2.10%. The firm had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $18.31 million. FrontView REIT has set its FY 2026 guidance at 1.320-1.340 EPS. Research analysts anticipate that FrontView REIT will post 1.19 EPS for the current year.

Hedge Funds Weigh In On FrontView REIT

A number of large investors have recently bought and sold shares of FVR. BlackRock Inc. acquired a new stake in shares of FrontView REIT in the second quarter valued at approximately $90,166,000. Corient Private Wealth LP bought a new stake in shares of FrontView REIT in the second quarter worth $12,544,000. Corient Private Wealth LLC boosted its holdings in FrontView REIT by 353.1% during the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after purchasing an additional 592,940 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in FrontView REIT by 2.3% during the first 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 last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in FrontView REIT during the second quarter worth $1,843,000.

About FrontView REIT

FrontView REIT, Inc is a real estate investment trust that owns and manages a portfolio of freestanding, primarily net-leased commercial properties in the United States. The company focuses on highly visible, well-located properties, often positioned along major roads and near established retail or commercial areas.

FrontView’s properties are generally occupied by necessity-based retail and service businesses, including automotive, healthcare, financial services, restaurant, and other consumer-oriented tenants.