FrontView REIT (NYSE:FVR) Given New $24.00 Price Target at BMO Capital Markets

FrontView REIT (NYSE:FVR) had its price objective increased by research analysts at BMO Capital Markets from $21.00 to $24.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 9.73% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Citigroup reiterated a “buy” rating on shares of FrontView REIT in a research note on Wednesday, July 1st. Wolfe Research upgraded FrontView REIT to a “strong-buy” rating in a research report on Monday, June 29th. Morgan Stanley lifted their price target on FrontView REIT from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on FrontView REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Raymond James Financial began coverage on FrontView REIT in a research note on Tuesday, June 9th. They issued a “strong-buy” rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

FrontView REIT Price Performance

Shares of NYSE:FVR opened at $21.87 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $495.38 million, a PE ratio of -136.69, a PEG ratio of 1.72 and a beta of 1.08. The firm has a 50 day moving average of $19.31 and a 200-day moving average of $17.36. FrontView REIT has a 12 month low of $11.19 and a 12 month high of $22.29.

Hedge Funds Weigh In On FrontView REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of FrontView REIT in the 4th quarter worth about $30,000. Strs Ohio bought a new stake in shares of FrontView REIT during the 1st quarter valued at about $35,000. Public Employees Retirement System of Ohio bought a new stake in shares of FrontView REIT during the 4th quarter valued at about $106,000. Resona Asset Management Co. Ltd. grew its stake in FrontView REIT by 16.5% during 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in FrontView REIT by 13.6% during 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.

About FrontView REIT

FrontView REIT specializes in real estate investing.