FrontView REIT, Inc. (NYSE:FVR) Announces $0.22 — Dividend

FrontView REIT, Inc. (NYSE:FVR) declared a — dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.215 per share on Wednesday, January 15th. The ex-dividend date of this dividend is Tuesday, December 31st.

FrontView REIT Stock Down 2.4 %

NYSE:FVR opened at $18.60 on Friday. FrontView REIT has a fifty-two week low of $18.25 and a fifty-two week high of $19.76.

Analysts Set New Price Targets

FVR has been the topic of several recent research reports. Morgan Stanley began coverage on shares of FrontView REIT in a research note on Monday, October 28th. They set an “overweight” rating and a $23.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on FrontView REIT in a report on Monday, October 28th. They set an “overweight” rating and a $21.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $22.00 price target on the stock. Bank of America started coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Capital One Financial assumed coverage on shares of FrontView REIT in a report on Tuesday. They issued an “overweight” rating and a $22.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $22.00.

Insider Activity

In related news, major shareholder Alyeska Investment Group, L.P. acquired 270,270 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $19.11 per share, for a total transaction of $5,164,859.70. Following the acquisition, the insider now owns 1,635,135 shares in the company, valued at $31,247,429.85. The trade was a 19.80 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Preston bought 3,540 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $18.74 per share, with a total value of $66,339.60. Following the acquisition, the chief executive officer now directly owns 3,640 shares in the company, valued at $68,213.60. The trade was a 3,540.00 % increase in their position. The disclosure for this purchase can be found here.

About FrontView REIT

FrontView REIT specializes in real estate investing.