Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 696,416 shares of the company's stock, valued at approximately $12,626,000. Cbre Investment Management Listed Real Assets LLC owned 4.33% of FrontView REIT at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. purchased a new stake in FrontView REIT during the fourth quarter valued at approximately $754,000. Bank of New York Mellon Corp purchased a new stake in FrontView REIT during the fourth quarter valued at approximately $563,000. State of New Jersey Common Pension Fund D purchased a new stake in FrontView REIT during the fourth quarter valued at approximately $1,632,000. Rhumbline Advisers purchased a new stake in FrontView REIT during the fourth quarter valued at approximately $295,000. Finally, Asset Management One Co. Ltd. purchased a new stake in FrontView REIT during the fourth quarter valued at approximately $178,000.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on FVR shares. Wells Fargo & Company reduced their price target on FrontView REIT from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Capital One Financial started coverage on FrontView REIT in a report on Tuesday, November 12th. They issued an "overweight" rating and a $22.00 price target on the stock. Finally, Morgan Stanley reduced their price target on FrontView REIT from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $21.40.
Get Our Latest Research Report on FrontView REIT
FrontView REIT Stock Down 0.5 %
NYSE:FVR traded down $0.09 during midday trading on Friday, hitting $16.06. The stock had a trading volume of 146,861 shares, compared to its average volume of 152,422. FrontView REIT, Inc. has a one year low of $15.30 and a one year high of $19.76. The company's 50-day simple moving average is $17.31.
FrontView REIT Profile
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FrontView REIT specializes in real estate investing.
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