Federated Hermes Inc. Invests $8.70 Million in FrontView REIT, Inc. (NYSE:FVR)

Federated Hermes Inc. acquired a new stake in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 480,000 shares of the company's stock, valued at approximately $8,702,000. Federated Hermes Inc. owned about 2.99% of FrontView REIT as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new position in FrontView REIT during the 4th quarter worth $73,000. Quantbot Technologies LP bought a new stake in shares of FrontView REIT during the 4th quarter worth about $114,000. SG Americas Securities LLC acquired a new stake in shares of FrontView REIT in the 4th quarter worth approximately $119,000. State of Alaska Department of Revenue bought a new position in shares of FrontView REIT in the fourth quarter valued at approximately $121,000. Finally, Corebridge Financial Inc. acquired a new position in shares of FrontView REIT during the fourth quarter valued at approximately $130,000.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the purchase, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FVR shares. 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. Wells Fargo & Company dropped their target price on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $20.80.

FrontView REIT Trading Up 1.8 %

Shares of NYSE:FVR traded up $0.22 during trading on Wednesday, reaching $12.30. 37,490 shares of the company traded hands, compared to its average volume of 185,230. The firm has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $17.12. FrontView REIT, Inc. has a 1-year low of $10.61 and a 1-year high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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. On average, equities analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend was Monday, March 31st.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.