Charles Schwab Investment Management Inc. Invests $754,000 in FrontView REIT, Inc. (NYSE:FVR)

Charles Schwab Investment Management Inc. purchased a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,571 shares of the company's stock, valued at approximately $754,000. Charles Schwab Investment Management Inc. owned approximately 0.26% of FrontView REIT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FVR. Nisa Investment Advisors LLC acquired a new stake in shares of FrontView REIT in the 4th quarter valued at $73,000. SG Americas Securities LLC purchased a new position in FrontView REIT in the fourth quarter valued at $119,000. Exchange Traded Concepts LLC acquired a new stake in FrontView REIT in the fourth quarter valued at $535,000. abrdn plc purchased a new stake in FrontView REIT during the 4th quarter worth about $7,268,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of FrontView REIT during the 4th quarter worth about $121,000.

FrontView REIT Stock Down 5.2 %

FVR traded down $0.66 during trading on Thursday, hitting $12.06. 14,209 shares of the stock were exchanged, compared to its average volume of 181,107. FrontView REIT, Inc. has a 1-year low of $12.02 and a 1-year high of $19.76. The company's fifty day simple moving average is $16.02.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $15.51 million for the quarter, compared to analysts' expectations of $15.45 million. Equities analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

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FrontView REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.215 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.86 annualized dividend and a dividend yield of 7.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley cut their target price on 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 dropped their price target on shares of FrontView REIT from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, FrontView REIT has an average rating of "Buy" and a consensus target price of $21.20.

Insider Buying and Selling

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the stock in a transaction on Tuesday, March 25th. The shares were bought 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 owns 3,716 shares of the company's stock, valued at $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

About FrontView REIT

FrontView REIT specializes in real estate investing.