FrontView REIT (NYSE:FVR) Coverage Initiated at Jones Trading

Analysts at Jones Trading began coverage on shares of FrontView REIT (NYSE:FVR) in a research note issued to investors on Wednesday,Benzinga reports. The firm set a “buy” rating and a $19.00 price target on the stock. Jones Trading’s price target indicates a potential upside of 17.28% from the company’s previous close.

A number of other research analysts also recently commented on FVR. Zacks Research downgraded FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Morgan Stanley upped their price target on FrontView REIT from $13.50 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded shares of FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Wells Fargo & Company raised their price objective on shares of FrontView REIT from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of FrontView REIT in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.80.

FrontView REIT Stock Up 1.1%

Shares of NYSE:FVR traded up $0.18 during trading hours on Wednesday, reaching $16.20. The stock had a trading volume of 11,204 shares, compared to its average volume of 224,299. FrontView REIT has a 1 year low of $10.61 and a 1 year high of $18.17. The firm’s 50 day moving average is $14.89 and its 200-day moving average is $13.71. The stock has a market capitalization of $350.75 million, a price-to-earnings ratio of -19.79 and a beta of 1.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 1.39.

FrontView REIT (NYSE:FVR) last issued its earnings results on Wednesday, November 12th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). FrontView REIT had a negative return on equity of 4.25% and a negative net margin of 32.21%.The firm had revenue of $16.89 million for the quarter, compared to analyst estimates of $17.34 million. FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. Research analysts predict that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

FrontView REIT announced that its Board of Directors has approved a share repurchase plan on Monday, November 24th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 23.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On FrontView REIT

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in FrontView REIT during the 1st quarter valued at approximately $35,000. CWM LLC increased its holdings in shares of FrontView REIT by 18,067.6% in the second quarter. CWM LLC now owns 6,722 shares of the company’s stock valued at $81,000 after purchasing an additional 6,685 shares during the period. Resona Asset Management Co. Ltd. raised its stake in shares of FrontView REIT by 26.5% during the third quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock worth $111,000 after purchasing an additional 1,708 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of FrontView REIT by 25.6% during the second quarter. State of Alaska Department of Revenue now owns 8,492 shares of the company’s stock worth $101,000 after purchasing an additional 1,732 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of FrontView REIT by 13.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock worth $116,000 after purchasing an additional 1,156 shares during the period.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.