abrdn plc acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 404,876 shares of the company's stock, valued at approximately $7,268,000. abrdn plc owned about 2.52% of FrontView REIT at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new stake in FrontView REIT in the 4th quarter valued at $535,000. SG Americas Securities LLC purchased a new stake in FrontView REIT in the 4th quarter valued at $119,000. Finally, Nisa Investment Advisors LLC purchased a new stake in FrontView REIT in the 4th quarter valued at $73,000.
FrontView REIT Stock Performance
FrontView REIT stock traded down $0.12 during trading hours on Wednesday, reaching $17.76. 67,471 shares of the stock were exchanged, compared to its average volume of 172,420. FrontView REIT, Inc. has a 52-week low of $15.30 and a 52-week high of $19.76. The company's 50 day moving average price is $17.92.
Analyst Ratings Changes
Several analysts recently commented on the stock. Capital One Financial assumed coverage on shares of FrontView REIT in a research report on Tuesday, November 12th. They issued an "overweight" rating and a $22.00 price target for the company. Morgan Stanley reduced their price target on shares of FrontView REIT from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Bank of America started coverage on shares of FrontView REIT in a research report on Monday, October 28th. They issued a "buy" rating and a $22.00 price target for the company. Wells Fargo & Company cut their price objective on shares of FrontView REIT from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an "overweight" rating and a $21.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, FrontView REIT presently has an average rating of "Buy" and an average target price of $21.40.
Check Out Our Latest Analysis on FrontView REIT
FrontView REIT Profile
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FrontView REIT specializes in real estate investing.
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