1 day Ago By Defense World Staff
Norges Bank purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $906,000.
Norges Bank owned 0.31% of FrontView REIT at the end of the most recent quarter. Several other hedge funds also recently bought and sold shares of FVR.
Nisa Investment Advisors LLC acquired a new stake in shares of FrontView REIT in the fourth quarter valued at $73,000. Quantbot Technologies LP acquired a new stake in shares of FrontView REIT during the 4th quarter worth about $114,000. SG Americas Securities LLC acquired a new stake in FrontView REIT during the fourth quarter worth approximately $119,000.
State of Alaska Department of Revenue purchased a new stake in FrontView REIT in the fourth quarter valued at $121,000. Finally, Corebridge Financial Inc. purchased a new stake in shares of FrontView REIT in the 4th quarter valued at about $130,000.
FrontView REIT Trading Up 0.5 %FVR stock opened at $11.24 on Friday.
FrontView REIT, Inc. has a 12 month low of $10.61 and a 12 month high of $19.
76. The firm has a 50 day simple moving average of $14.95.
FrontView REIT (NYSE:FVR – Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
29 by ($0.02). The company had revenue of $15.
51 million for the quarter, compared to analysts’ expectations of $15.45 million. Equities analysts anticipate that FrontView REIT, Inc.
will post 1.22 EPS for the current fiscal year. FrontView REIT Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st will be issued a $0.215 dividend. The ex-dividend date is Monday, March 31st.
This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.65%.
Analyst Upgrades and DowngradesA number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of FrontView REIT from $19.00 to $17.
00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley decreased their target price on shares of FrontView REIT from $23.00 to $22.
00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $20.80.
Read Our Latest Analysis on FVRInsider Buying and Selling at FrontView REITIn other news, CEO Randall Starr bought 3,716 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of $13.34 per share, for a total transaction of $49,571.
44. Following the completion of the purchase, the chief executive officer now owns 3,716 shares of the company’s stock, valued at $49,571.44.
This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. About FrontView REIT (Free Report)FrontView REIT specializes in real estate investing.
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