Centersquare Investment Management LLC Takes Position in FrontView REIT, Inc. (NYSE:FVR)

Centersquare Investment Management LLC 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,590 shares of the company's stock, valued at approximately $1,588,000. Centersquare Investment Management LLC owned about 0.55% of FrontView REIT at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new position in shares of FrontView REIT in the 4th quarter valued at about $73,000. SG Americas Securities LLC bought a new position in FrontView REIT in the fourth quarter valued at approximately $119,000. Exchange Traded Concepts LLC bought a new stake in shares of FrontView REIT during the 4th quarter worth approximately $535,000. abrdn plc acquired a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $7,268,000. Finally, State of Alaska Department of Revenue bought a new position in shares of FrontView REIT in the fourth quarter valued at $121,000.

FrontView REIT Stock Performance

Shares of FVR stock traded down $0.13 during midday trading on Wednesday, hitting $10.91. 32,982 shares of the company were exchanged, compared to its average volume of 262,196. FrontView REIT, Inc. has a 52 week low of $10.73 and a 52 week high of $19.76. The firm has a 50 day moving average price of $15.43.

FrontView REIT (NYSE:FVR - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. Sell-side analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.215 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.89%.

Insider Activity at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the acquisition, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at approximately $49,571.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

FVR has been the topic of several analyst reports. Morgan Stanley dropped their price target 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 price target on FrontView REIT from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $21.20.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.