Huntington Initiates Coverage on FrontView REIT (NYSE:FVR)

Analysts at Huntington began coverage on shares of FrontView REIT (NYSE:FVR) in a report released on Wednesday. The brokerage set an “outperform” rating and a $22.50 price target on the stock. Huntington’s price target would indicate a potential upside of 4.90% from the company’s current price.

Several other equities analysts have also commented on the company. Citigroup reiterated a “buy” rating on shares of FrontView REIT in a research report on Wednesday, July 1st. Morgan Stanley upped their target price on FrontView REIT from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Raymond James Financial started coverage on shares of FrontView REIT in a research report on Tuesday, June 9th. They set a “strong-buy” rating and a $22.00 price target on the stock. 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 price objective for the company. Finally, JonesTrading upped their price objective on shares of FrontView REIT from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, FrontView REIT currently has a consensus rating of “Moderate Buy” and an average target price of $21.39.

FrontView REIT Stock Up 1.3%

FVR opened at $21.45 on Wednesday. The business’s fifty day simple moving average is $19.09 and its 200 day simple moving average is $17.23. FrontView REIT has a 52 week low of $11.19 and a 52 week high of $21.50. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. The stock has a market cap of $485.84 million, a PE ratio of -134.06, a P/E/G ratio of 1.67 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC increased its stake in shares of FrontView REIT by 10.8% during the fourth quarter. CWM LLC now owns 10,283 shares of the company’s stock valued at $152,000 after buying an additional 1,001 shares during the period. Sei Investments Co. raised its position in shares of FrontView REIT by 6.6% in the 3rd quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock worth $241,000 after acquiring an additional 1,084 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in FrontView REIT by 13.6% in 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. Rhumbline Advisers raised its holdings in FrontView REIT by 8.4% in the second quarter. Rhumbline Advisers now owns 16,688 shares of the company’s stock worth $200,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in FrontView REIT by 16.5% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 9,501 shares of the company’s stock worth $143,000 after purchasing an additional 1,348 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.