FrontView REIT, Inc. (NYSE:FVR - Get Free Report) CEO Randall Starr bought 3,716 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at approximately $49,571.44. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
FrontView REIT Stock Performance
NYSE:FVR traded down $0.28 during mid-day trading on Friday, reaching $12.88. The stock had a trading volume of 196,045 shares, compared to its average volume of 267,476. FrontView REIT, Inc. has a 1-year low of $12.72 and a 1-year high of $19.76. The business has a 50 day simple moving average of $16.30.
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 firm had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. On average, equities research analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.
FrontView REIT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.215 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.68%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of FVR. Summit Investment Advisors Inc. acquired a new position in FrontView REIT in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC acquired a new position in FrontView REIT during the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC bought a new position in FrontView REIT during the 4th quarter worth $73,000. Quantbot Technologies LP acquired a new stake in FrontView REIT in the fourth quarter worth $114,000. Finally, SG Americas Securities LLC bought a new stake in FrontView REIT in the fourth quarter valued at $119,000.
Analyst Upgrades and Downgrades
FVR has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on FrontView REIT from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, FrontView REIT currently has an average rating of "Buy" and an average target price of $21.20.
Check Out Our Latest Stock Analysis on FrontView REIT
About FrontView REIT
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FrontView REIT specializes in real estate investing.
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