Huntington Begins Coverage on FrontView REIT (NYSE:FVR)

Equities research analysts at Huntington started coverage on shares of FrontView REIT (NYSE:FVR) in a research report issued on Wednesday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

A number of other brokerages have also weighed in on FVR. Morgan Stanley lifted their price objective on FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. BMO Capital Markets cut their target price on FrontView REIT from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Raymond James Financial reissued a “strong-buy” rating and issued a $23.00 price target on shares of FrontView REIT in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their price target on FrontView REIT from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.72.

FrontView REIT Stock Down 0.8%

Shares of NYSE:FVR opened at $19.14 on Wednesday. The company has a market cap of $468.11 million, a price-to-earnings ratio of -239.26, a PEG ratio of 1.67 and a beta of 1.02. The firm’s 50-day simple moving average is $17.87 and its 200-day simple moving average is $18.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. FrontView REIT has a fifty-two week low of $12.89 and a fifty-two week high of $22.29.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.10. The business had revenue of $17.12 million for the quarter, compared to analyst estimates of $18.67 million. FrontView REIT had a negative net margin of 0.04% and a negative return on equity of 0.01%. As a group, equities research analysts predict that FrontView REIT will post 1.20 earnings per share for the current year.

Institutional Trading of FrontView REIT

A number of institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in FrontView REIT in the second quarter valued at $43,000. Avalon Trust Co acquired a new position in shares of FrontView REIT during the 2nd quarter worth $48,000. State of Wyoming acquired a new position in shares of FrontView REIT during the 2nd quarter worth $166,000. TSA Wealth Managment LLC acquired a new position in shares of FrontView REIT during the 1st quarter worth $186,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of FrontView REIT in the 2nd quarter worth about $249,000.

About FrontView REIT

FrontView REIT, Inc is a real estate investment trust that acquires, owns and manages commercial properties across the United States. The company focuses on highly visible, accessible properties located along major roads and in established commercial areas.

Its portfolio is primarily composed of net-leased, necessity-based properties occupied by businesses such as healthcare providers, automotive service operators, consumer service companies and other retail-oriented tenants. These properties are generally designed to serve everyday consumer needs and benefit from prominent locations and convenient access.

FrontView REIT’s strategy emphasizes acquiring and operating diversified commercial real estate with durable tenant demand.