Ghisallo Capital Management LLC acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 110,000 shares of the company's stock, valued at approximately $1,994,000. Ghisallo Capital Management LLC owned 0.68% of FrontView REIT at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $27,000. Tower Research Capital LLC TRC purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $34,000. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $73,000. Quantbot Technologies LP purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of FrontView REIT in the 4th quarter worth about $119,000.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FVR. Morgan Stanley reduced their target price on shares of FrontView REIT from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company reduced their target price on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $20.80.
Check Out Our Latest Stock Analysis on FrontView REIT
FrontView REIT Price Performance
NYSE FVR traded down $0.22 during mid-day trading on Tuesday, reaching $12.38. The stock had a trading volume of 58,705 shares, compared to its average volume of 255,213. FrontView REIT, Inc. has a 1 year low of $10.61 and a 1 year high of $19.76. The company has a fifty day moving average price of $13.80 and a 200 day moving average price of $16.74.
FrontView REIT (NYSE:FVR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. As a group, research analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.
FrontView REIT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.215 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a yield of 6.95%.
Insider Buying and Selling
In related news, CEO Randall Starr bought 3,716 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the purchase, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
About FrontView REIT
(
Free Report)
FrontView REIT specializes in real estate investing.
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