Marshall Wace LLP Takes Position in FrontView REIT, Inc. (NYSE:FVR)

Marshall Wace LLP acquired a new stake in FrontView REIT, Inc. (NYSE:FVR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 111,934 shares of the company's stock, valued at approximately $2,029,000. Marshall Wace LLP owned about 0.70% of FrontView REIT at the end of the most recent quarter.

A number of other hedge funds also 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 valued at approximately $27,000. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $73,000. Quantbot Technologies LP purchased a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $114,000. SG Americas Securities LLC purchased a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $119,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $121,000.

FrontView REIT Stock Performance

Shares of NYSE:FVR traded down $0.22 during mid-day trading on Tuesday, reaching $12.38. 58,705 shares of the company were exchanged, compared to its average volume of 255,213. The firm's 50-day simple moving average is $13.69 and its 200 day simple moving average is $16.71. 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 results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. Equities research analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.215 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.86 annualized dividend and a yield of 6.95%.

Insider Buying and Selling at FrontView REIT

In related news, CEO Randall Starr purchased 3,716 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price target 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 dropped their price target on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, FrontView REIT has an average rating of "Buy" and an average target price of $20.80.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.