Rhumbline Advisers purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,248 shares of the company's stock, valued at approximately $295,000. Rhumbline Advisers owned approximately 0.10% of FrontView REIT as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in shares of FrontView REIT during the fourth quarter worth $73,000. SG Americas Securities LLC purchased a new position in FrontView REIT during the fourth quarter worth approximately $119,000. State of Alaska Department of Revenue acquired a new position in FrontView REIT in the fourth quarter valued at $121,000. Asset Management One Co. Ltd. acquired a new position in shares of FrontView REIT in the 4th quarter valued at about $178,000. Finally, Exchange Traded Concepts LLC acquired a new position in FrontView REIT during the fourth quarter valued at approximately $535,000.
FrontView REIT Price Performance
FrontView REIT stock traded down $0.31 during midday trading on Thursday, hitting $14.49. 491,098 shares of the stock were exchanged, compared to its average volume of 161,407. FrontView REIT, Inc. has a 1 year low of $14.45 and a 1 year high of $19.76. The company has a 50 day simple moving average of $17.09.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on FrontView REIT from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Morgan Stanley lowered their target price on 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, Based on data from MarketBeat, FrontView REIT currently has a consensus rating of "Buy" and an average target price of $21.40.
View Our Latest Research Report on FrontView REIT
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FrontView REIT specializes in real estate investing.
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