FrontView REIT (NYSE:FVR) Earns Overweight Rating from Analysts at Morgan Stanley

Posted by Latisha Jones on Oct 31st, 2024

Morgan Stanley began coverage on shares of FrontView REIT (NYSE:FVR – Free Report) in a report published on Monday morning, Marketbeat.com reports. The firm issued an overweight rating and a $23.00 target price on the stock.

Separately, Bank of America began coverage on shares of FrontView REIT in a report on Monday. They set a “buy” rating and a $22.00 price target on the stock.

Get Our Latest Research Report on FVR

FrontView REIT Trading Down 1.6 %

Shares of FVR stock opened at $18.74 on Monday. FrontView REIT has a one year low of $18.25 and a one year high of $19.76.

Insider Activity at FrontView REIT

In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the completion of the transaction, the insider now owns 1,467,012 shares of the company’s stock, valued at approximately $26,875,659.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Stephen Preston purchased 3,540 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $18.74 per share, for a total transaction of $66,339.60. Following the purchase, the chief executive officer now directly owns 3,640 shares in the company, valued at approximately $68,213.60. This represents a 3,500.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of FrontView REIT stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the completion of the sale, the insider now directly owns 1,467,012 shares of the company’s stock, valued at $26,875,659.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here.