FrontView REIT, Inc. (FVR) to Issue Quarterly Dividend of $0.22 on April 15th

FrontView REIT, Inc. (NYSE:FVR) declared a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.215 per share on Tuesday, April 15th. This represents a $0.86 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Monday, March 31st.

FrontView REIT Trading Down 6.5 %

NYSE:FVR traded down $0.94 during mid-day trading on Thursday, hitting $13.58. 338,352 shares of the stock were exchanged, compared to its average volume of 257,448. The stock’s 50-day moving average price is $16.79. FrontView REIT has a fifty-two week low of $13.55 and a fifty-two week high of $19.76.

FrontView REIT (NYSE:FVR) last released its quarterly earnings results 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 company had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. As a group, sell-side analysts forecast that FrontView REIT will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley decreased their price target on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company decreased their price target on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently 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.