FrontView REIT, Inc. (NYSE:FVR - Get Free Report) CEO Randall Starr bought 3,716 shares of FrontView REIT 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 purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
FrontView REIT Price Performance
FVR traded up $0.06 on Monday, hitting $12.74. The company had a trading volume of 372,745 shares, compared to its average volume of 268,333. The business has a fifty day simple moving average of $16.30. FrontView REIT, Inc. has a 52-week low of $12.65 and a 52-week high of $19.76.
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 the consensus estimate of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.45 million. Analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal 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 given a dividend of $0.215 per share. The ex-dividend date is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a yield of 6.75%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on FVR. Morgan Stanley cut their price objective 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. Wells Fargo & Company reduced their price objective on FrontView REIT from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, FrontView REIT presently has an average rating of "Buy" and a consensus target price of $21.20.
Read Our Latest Report on FrontView REIT
Institutional Investors Weigh In On FrontView REIT
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. purchased a new stake in shares of FrontView REIT in the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC purchased a new stake in shares of FrontView REIT in the fourth quarter worth $34,000. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT in the fourth quarter worth $73,000. Quantbot Technologies LP bought a new position in shares of FrontView REIT during the fourth quarter valued at $114,000. Finally, SG Americas Securities LLC bought a new stake in FrontView REIT during the 4th quarter valued at about $119,000.
FrontView REIT Company Profile
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FrontView REIT specializes in real estate investing.
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