FrontView REIT, Inc. (NYSE:FVR) CEO Randall Starr Acquires 3,716 Shares

FrontView REIT, Inc. (NYSE:FVR) CEO Randall Starr purchased 3,716 shares of FrontView REIT stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the acquisition, the chief executive officer now directly owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FrontView REIT Stock Down 2.1 %

Shares of NYSE:FVR opened at $12.88 on Friday. The stock has a 50-day simple moving average of $16.30. FrontView REIT, Inc. has a fifty-two week low of $12.72 and a fifty-two week high of $19.76.

FrontView REIT (NYSE:FVR) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.45 million. Sell-side analysts forecast that FrontView REIT, Inc. will post 1.22 earnings per share for the current year.

FrontView REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.215 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.68%.

Institutional Trading of FrontView REIT

Several large investors have recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in FrontView REIT in the fourth quarter worth about $26,597,000. Zimmer Partners LP bought a new position in shares of FrontView REIT in the 4th quarter worth approximately $23,571,000. Citadel Advisors LLC bought a new position in shares of FrontView REIT in the 4th quarter worth approximately $15,410,000. Millennium Management LLC purchased a new position in shares of FrontView REIT in the fourth quarter worth approximately $13,525,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in FrontView REIT during the fourth quarter valued at approximately $12,626,000.

Analyst Upgrades and Downgrades

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

About FrontView REIT

FrontView REIT specializes in real estate investing.