Burkehill Global Management LP acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,000 shares of the company's stock, valued at approximately $5,439,000. Burkehill Global Management LP owned 1.87% of FrontView REIT at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth $73,000. SG Americas Securities LLC purchased a new stake in shares of FrontView REIT during the fourth quarter worth $119,000. State of Alaska Department of Revenue purchased a new stake in shares of FrontView REIT during the fourth quarter worth $121,000. Asset Management One Co. Ltd. purchased a new stake in shares of FrontView REIT during the fourth quarter worth $178,000. Finally, Rhumbline Advisers purchased a new stake in shares of FrontView REIT during the fourth quarter worth $295,000.
Wall Street Analyst Weigh In
FVR has been the subject of a number of recent analyst reports. 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. Wells Fargo & Company lowered their price objective on shares of FrontView REIT from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, FrontView REIT currently has an average rating of "Buy" and a consensus target price of $21.20.
Read Our Latest Report on FVR
FrontView REIT Stock Performance
Shares of FrontView REIT stock traded up $0.03 on Friday, hitting $14.52. 206,672 shares of the company traded hands, compared to its average volume of 259,941. The company's 50-day simple moving average is $16.95. FrontView REIT, Inc. has a 12-month low of $14.45 and a 12-month high of $19.76.
FrontView REIT Company Profile
(
Free Report)
FrontView REIT specializes in real estate investing.
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