Bank of New York Mellon Corp Invests $563,000 in FrontView REIT, Inc. (NYSE:FVR)

Bank of New York Mellon Corp bought 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 filing with the Securities and Exchange Commission (SEC). The firm bought 31,080 shares of the company's stock, valued at approximately $563,000. Bank of New York Mellon Corp owned approximately 0.19% of FrontView REIT at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in FrontView REIT in the 4th quarter worth $73,000. SG Americas Securities LLC bought a new stake in shares of FrontView REIT in the fourth quarter worth about $119,000. State of Alaska Department of Revenue purchased a new stake in shares of FrontView REIT in the fourth quarter worth about $121,000. Asset Management One Co. Ltd. bought a new position in FrontView REIT during the fourth quarter valued at approximately $178,000. Finally, Rhumbline Advisers purchased a new position in FrontView REIT during the 4th quarter valued at approximately $295,000.

Insiders Place Their Bets

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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Wall Street Analysts Forecast Growth

FVR has been the subject of a number of research reports. Morgan Stanley lowered their target price on FrontView REIT from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on shares of FrontView REIT from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $21.20.

FrontView REIT Stock Performance

Shares of NYSE FVR traded down $0.28 during trading hours on Friday, hitting $12.88. 196,045 shares of the company traded hands, compared to its average volume of 267,476. The firm's 50 day moving average is $16.30. FrontView REIT, Inc. has a 12 month low of $12.72 and a 12 month high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last posted 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 business had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. As a group, equities analysts predict that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date is Monday, March 31st.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.