FrontView REIT (NYSE:FVR) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of FrontView REIT (NYSE:FVR) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

FVR has been the topic of several other reports. Wells Fargo & Company lifted their price objective on FrontView REIT from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a research note on Monday, December 29th. Morgan Stanley increased their price objective on FrontView REIT from $13.50 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 31st. JonesTrading initiated coverage on shares of FrontView REIT in a report on Wednesday, January 14th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Wall Street Zen raised shares of FrontView REIT from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.80.

FrontView REIT Price Performance

Shares of FrontView REIT stock opened at $16.13 on Monday. The business has a 50 day moving average of $16.14 and a 200 day moving average of $14.83. FrontView REIT has a 52 week low of $10.61 and a 52 week high of $17.09. The company has a market cap of $359.88 million, a PE ratio of -73.32 and a beta of 1.28. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.64.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.50). FrontView REIT had a negative net margin of 5.71% and a negative return on equity of 0.76%. The company had revenue of $16.52 million for the quarter, compared to analysts’ expectations of $16.94 million. FrontView REIT has set its FY 2026 guidance at 1.270-1.320 EPS. As a group, equities research analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.

FrontView REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. FrontView REIT’s dividend payout ratio is -390.91%.

FrontView REIT announced that its board has authorized a share repurchase plan on Monday, November 24th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to purchase up to 23.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in FrontView REIT by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,040,076 shares of the company’s stock worth $14,259,000 after acquiring an additional 133,067 shares during the last quarter. Millennium Management LLC raised its stake in shares of FrontView REIT by 12.9% in the first quarter. Millennium Management LLC now owns 841,993 shares of the company’s stock worth $10,769,000 after purchasing an additional 96,011 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of FrontView REIT by 353.1% during the fourth quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock valued at $11,231,000 after purchasing an additional 592,940 shares in the last quarter. Citadel Advisors LLC increased its holdings in FrontView REIT by 19.8% in the 3rd quarter. Citadel Advisors LLC now owns 548,790 shares of the company’s stock worth $7,524,000 after buying an additional 90,715 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in FrontView REIT by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 514,946 shares of the company’s stock valued at $7,602,000 after acquiring an additional 43,773 shares during the period.

About FrontView REIT

FrontView REIT specializes in real estate investing.