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

Posted by Tech Dows on Nov 15th, 2024

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

FrontView REIT Trading Down 2.4 %

Shares of FrontView REIT stock traded down $0.46 on Friday, hitting $18.59. 54,456 shares of the company’s stock traded hands, compared to its average volume of 263,880. FrontView REIT has a 52-week low of $18.25 and a 52-week high of $19.76.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have recently commented on FVR shares. JPMorgan Chase & Co. started coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $21.00 price target for the company. Morgan Stanley initiated coverage on FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $23.00 price target on the stock. Bank of America started coverage on FrontView REIT in a research report on Monday, October 28th. They set a “buy” rating and a $22.00 price objective for the company. Capital One Financial started coverage on shares of FrontView REIT in a research report on Tuesday. They issued an “overweight” rating and a $22.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on shares of FrontView REIT in a research note on Monday, October 28th. They issued an “overweight” rating and a $22.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, FrontView REIT currently has an average rating of “Buy” and an average price target of $22.00.

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