FrontView REIT (NYSE:FVR) Upgraded to Strong-Buy at Wolfe Research

FrontView REIT (NYSE:FVR) was upgraded by research analysts at Wolfe Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on FVR. BMO Capital Markets assumed coverage on shares of FrontView REIT in a report on Friday, April 17th. They issued an “outperform” rating and a $20.00 target price for the company. Zacks Research cut shares of FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. JonesTrading lifted their price objective on shares of FrontView REIT from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings upgraded shares of FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.88.

FrontView REIT Stock Up 1.5%

Shares of NYSE FVR opened at $20.54 on Monday. FrontView REIT has a 12-month low of $11.19 and a 12-month high of $20.62. The stock’s fifty day simple moving average is $18.48 and its two-hundred day simple moving average is $16.87. The stock has a market capitalization of $465.25 million, a PE ratio of -128.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.07. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On FrontView REIT

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of FrontView REIT by 6,163.9% in the 1st quarter. Royal Bank of Canada now owns 81,431 shares of the company’s stock valued at $1,260,000 after purchasing an additional 80,131 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in FrontView REIT in the 1st quarter worth approximately $336,000. Renaissance Technologies LLC grew its position in FrontView REIT by 19.7% during the 1st quarter. Renaissance Technologies LLC now owns 30,400 shares of the company’s stock worth $470,000 after purchasing an additional 5,000 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in FrontView REIT by 229.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 23,684 shares of the company’s stock worth $366,000 after purchasing an additional 16,495 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in FrontView REIT by 333.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 83,002 shares of the company’s stock valued at $1,284,000 after purchasing an additional 63,840 shares in the last quarter.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.