FrontView REIT, Inc. (NYSE:FVR) Receives $15.80 Consensus Target Price from Brokerages

FrontView REIT, Inc. (NYSE:FVR) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.80.

A number of research analysts recently weighed in on FVR shares. JonesTrading initiated coverage on FrontView REIT in a report on Wednesday, January 14th. They issued a “buy” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on FrontView REIT from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a research note on Monday, December 29th. Morgan Stanley increased their target price on shares of FrontView REIT from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 31st. Finally, Zacks Research upgraded shares of FrontView REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd.

Institutional Investors Weigh In On FrontView REIT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna Portfolio Strategies LLC purchased a new stake in shares of FrontView REIT during the 4th quarter valued at about $367,000. AQR Capital Management LLC grew its position in FrontView REIT by 39.6% in the fourth quarter. AQR Capital Management LLC now owns 72,812 shares of the company’s stock valued at $1,075,000 after acquiring an additional 20,655 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of FrontView REIT during the fourth quarter valued at approximately $106,000. Mariner LLC acquired a new position in shares of FrontView REIT during the fourth quarter worth $158,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of FrontView REIT in the fourth quarter valued at $30,000.

FrontView REIT Stock Down 1.0%

Shares of FVR opened at $16.09 on Friday. FrontView REIT has a fifty-two week low of $10.61 and a fifty-two week high of $17.67. The company’s fifty day moving average is $15.82 and its two-hundred day moving average is $14.43. The firm has a market cap of $348.24 million, a PE ratio of -19.62 and a beta of 1.33. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.61.

FrontView REIT announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 24th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 23.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.