FrontView REIT (NYSE:FVR - Get Free Report) had its price objective dropped by analysts at Wells Fargo & Company from $19.00 to $17.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 38.44% from the company's previous close.
Separately, Morgan Stanley decreased their target price on shares of FrontView REIT from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, FrontView REIT currently has an average rating of "Buy" and a consensus price target of $20.80.
View Our Latest Research Report on FrontView REIT
FrontView REIT Stock Up 1.7 %
Shares of NYSE FVR traded up $0.20 during trading hours on Friday, hitting $12.28. The company's stock had a trading volume of 135,508 shares, compared to its average volume of 261,963. FrontView REIT has a 12 month low of $10.61 and a 12 month high of $19.76. The business has a 50-day simple moving average of $14.71 and a 200-day simple moving average of $17.12.
FrontView REIT (NYSE:FVR - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (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 analysts' expectations of $15.45 million. Sell-side analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.
Insider Activity
In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was acquired 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 of the company's stock, valued at approximately $49,571.44. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Hedge Funds Weigh In On FrontView REIT
A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new position in FrontView REIT in the 4th quarter worth approximately $73,000. SG Americas Securities LLC purchased a new stake in FrontView REIT in the 4th quarter worth $119,000. Exchange Traded Concepts LLC bought a new position in shares of FrontView REIT during the 4th quarter valued at about $535,000. abrdn plc bought a new stake in shares of FrontView REIT in the fourth quarter worth about $7,268,000. Finally, State of Alaska Department of Revenue bought a new stake in FrontView REIT in the 4th quarter worth approximately $121,000.
About FrontView REIT
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FrontView REIT specializes in real estate investing.
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