Norges Bank Invests $906,000 in FrontView REIT, Inc. (NYSE:FVR)

Norges Bank purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,000 shares of the company's stock, valued at approximately $906,000. Norges Bank owned 0.31% of FrontView REIT at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of FrontView REIT in the fourth quarter valued at about $12,626,000. abrdn plc purchased a new stake in FrontView REIT in the 4th quarter valued at approximately $7,268,000. Burkehill Global Management LP acquired a new position in FrontView REIT during the 4th quarter worth approximately $5,439,000. Prudential Financial Inc. acquired a new position in FrontView REIT during the 4th quarter worth approximately $2,453,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of FrontView REIT in the 4th quarter valued at approximately $1,632,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company dropped their price objective on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Morgan Stanley cut their price target 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, FrontView REIT currently has an average rating of "Buy" and a consensus price target of $20.80.

FrontView REIT Stock Performance

NYSE:FVR traded up $0.34 during mid-day trading on Thursday, hitting $12.65. 12,259 shares of the company's stock traded hands, compared to its average volume of 260,880. FrontView REIT, Inc. has a 1 year low of $10.61 and a 1 year high of $19.76. The firm's 50 day simple moving average is $14.60 and its 200 day simple moving average is $17.08.

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 analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analysts' expectations of $15.45 million. As a group, research analysts expect that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.215 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a yield of 6.80%.

Insiders Place Their Bets

In other news, CEO Randall Starr bought 3,716 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the transaction, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

About FrontView REIT

FrontView REIT specializes in real estate investing.