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

Charles Schwab Investment Management Inc. acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,571 shares of the company's stock, valued at approximately $754,000. Charles Schwab Investment Management Inc. owned 0.26% of FrontView REIT at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FVR. Bank of New York Mellon Corp acquired a new stake in FrontView REIT during the fourth quarter worth $563,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of FrontView REIT during the 4th quarter valued at about $1,632,000. Rhumbline Advisers bought a new stake in FrontView REIT in the fourth quarter valued at about $295,000. Asset Management One Co. Ltd. bought a new stake in FrontView REIT in the fourth quarter valued at about $178,000. Finally, State of Alaska Department of Revenue acquired a new position in FrontView REIT in the fourth quarter worth about $121,000.

Insider Activity at FrontView REIT

In related news, CEO Randall Starr acquired 3,716 shares of the stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares of the company's stock, valued at $49,571.44. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

FVR has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on FrontView REIT from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Morgan Stanley lowered their price target 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat, FrontView REIT currently has a consensus rating of "Buy" and an average price target of $21.20.

FrontView REIT Trading Down 5.3 %

Shares of NYSE FVR traded down $0.67 during mid-day trading on Thursday, hitting $12.05. 153,659 shares of the stock were exchanged, compared to its average volume of 265,626. FrontView REIT, Inc. has a twelve month low of $11.93 and a twelve month high of $19.76. The firm's fifty day moving average price is $15.92.

FrontView REIT (NYSE:FVR - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. On average, analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.215 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.14%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.