Insider Buying: FrontView REIT, Inc. (NYSE:FVR) CEO Acquires 3,716 Shares of Stock

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

FrontView REIT Trading Up 1.1 %

Shares of FVR stock traded up $0.15 during mid-day trading on Thursday, reaching $13.20. 134,216 shares of the company were exchanged, compared to its average volume of 179,546. The company has a 50 day moving average price of $16.47. FrontView REIT, Inc. has a fifty-two week low of $12.96 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 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.45 million. On average, research analysts predict that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a yield of 6.52%.

Institutional Investors Weigh In On FrontView REIT

Several large investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. acquired a new position in shares of FrontView REIT during the fourth quarter valued at $27,000. Tower Research Capital LLC TRC bought a new position in FrontView REIT in the 4th quarter worth about $34,000. Nisa Investment Advisors LLC acquired a new stake in shares of FrontView REIT in the fourth quarter valued at approximately $73,000. Quantbot Technologies LP bought a new stake in shares of FrontView REIT during the fourth quarter valued at approximately $114,000. Finally, SG Americas Securities LLC acquired a new position in shares of FrontView REIT during the fourth quarter worth approximately $119,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FVR shares. Morgan Stanley cut their price target on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.