FrontView REIT, Inc. (NYSE:FVR) Shareholders to Get $0.21 Quarterly Dividend

FrontView REIT, Inc. (NYSE:FVR) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, December 31st will be given a dividend of $0.2150 per share on Friday, January 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, December 31st.

FrontView REIT Stock Up 3.5%

Shares of FVR opened at $19.43 on Thursday. The firm has a market capitalization of $475.21 million, a P/E ratio of 647.60, a P/E/G ratio of 1.62 and a beta of 1.02. FrontView REIT has a 12-month low of $12.89 and a 12-month high of $22.29. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $17.88 and a 200-day moving average price of $18.00.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. The company had revenue of $17.12 million for the quarter, compared to the consensus estimate of $18.67 million. FrontView REIT had a net margin of 2.10% and a return on equity of 0.29%. Equities research analysts expect that FrontView REIT will post 1.20 earnings per share for the current year.

Hedge Funds Weigh In On FrontView REIT

A number of institutional investors and hedge funds have recently made changes to their positions in FVR. BlackRock Inc. purchased a new position in FrontView REIT in the second quarter valued at $90,166,000. Corient Private Wealth LP acquired a new stake in FrontView REIT in the second quarter valued at $12,544,000. Principal Financial Group Inc. lifted its holdings in FrontView REIT by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 221,798 shares of the company’s stock worth $3,431,000 after buying an additional 5,014 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in FrontView REIT during the 2nd quarter worth about $1,843,000. Finally, Dimensional Fund Advisors LP lifted its holdings in FrontView REIT by 333.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 83,002 shares of the company’s stock worth $1,284,000 after buying an additional 63,840 shares during the last quarter.

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.