FrontView REIT, Inc.'s Lock-Up Period To End on March 31st (NYSE:FVR)

FrontView REIT's (NYSE:FVR - Get Free Report) lock-up period will end on Monday, March 31st. FrontView REIT had issued 13,200,000 shares in its IPO on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. After the end of FrontView REIT's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of FrontView REIT from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on FrontView REIT from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, FrontView REIT has a consensus rating of "Buy" and an average price target of $21.20.

FrontView REIT Price Performance

Shares of FVR traded up $0.10 during mid-day trading on Thursday, reaching $13.15. 237,110 shares of the company's stock were exchanged, compared to its average volume of 261,180. FrontView REIT has a 52-week low of $12.96 and a 52-week high of $19.76. The stock's 50-day simple moving average is $16.47.

FrontView REIT (NYSE:FVR - Get Free Report) last released 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 firm had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. On average, equities analysts expect that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

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FrontView REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 annualized dividend and a dividend yield of 6.54%.

Insider Activity

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of FrontView REIT

Hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. purchased a new position in shares of FrontView REIT during the 4th quarter worth about $27,000. Tower Research Capital LLC TRC acquired a new position in FrontView REIT during the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC purchased a new position in FrontView REIT during the fourth quarter worth approximately $73,000. Quantbot Technologies LP acquired a new position in shares of FrontView REIT in the 4th quarter valued at $114,000. Finally, SG Americas Securities LLC acquired a new position in shares of FrontView REIT in the 4th quarter valued at $119,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.