Prudential Financial Inc. Makes New Investment in FrontView REIT, Inc. (NYSE:FVR)

Prudential Financial Inc. acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 135,302 shares of the company's stock, valued at approximately $2,453,000. Prudential Financial Inc. owned approximately 0.84% of FrontView REIT at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new stake in shares of FrontView REIT in the 4th quarter worth approximately $73,000. Quantbot Technologies LP acquired a new stake in FrontView REIT in the fourth quarter valued at $114,000. SG Americas Securities LLC purchased a new position in shares of FrontView REIT in the fourth quarter valued at $119,000. State of Alaska Department of Revenue purchased a new position in shares of FrontView REIT in the fourth quarter valued at $121,000. Finally, Corebridge Financial Inc. acquired a new position in shares of FrontView REIT during the 4th quarter worth $130,000.

Insider Activity at FrontView REIT

In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of the stock in a transaction on Tuesday, March 25th. The stock was bought at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the acquisition, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at $49,571.44. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of FrontView REIT from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Morgan Stanley dropped 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $21.20.

FrontView REIT Trading Down 1.4 %

NYSE:FVR traded down $0.15 on Tuesday, reaching $11.03. The stock had a trading volume of 154,433 shares, compared to its average volume of 263,949. FrontView REIT, Inc. has a 12-month low of $10.76 and a 12-month high of $19.76. The stock's fifty day simple moving average is $15.43.

FrontView REIT (NYSE:FVR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. On average, equities research analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The firm also recently disclosed 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. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Monday, March 31st.

About FrontView REIT

FrontView REIT specializes in real estate investing.