FrontView REIT (NYSE:FVR – Get Free Report) was upgraded by stock analysts at B. Riley Financial to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.
Several other research firms have also recently weighed in on FVR. Morgan Stanley lifted their price objective 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. JonesTrading assumed coverage on FrontView REIT in a report on Wednesday, January 14th. They issued a “buy” rating and a $19.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FrontView REIT in a research report on Monday, December 29th. Wall Street Zen upgraded FrontView REIT from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Zacks Research lowered FrontView REIT from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.58.
Read Our Latest Stock Analysis on FVR
FrontView REIT Stock Performance
FrontView REIT (NYSE:FVR – Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.50). FrontView REIT had a negative return on equity of 0.76% and a negative net margin of 5.71%.The firm had revenue of $16.52 million during the quarter, compared to analysts’ expectations of $16.94 million. FrontView REIT has set its FY 2026 guidance at 1.270-1.320 EPS. On average, equities research analysts expect that FrontView REIT will post 1.22 earnings per share for the current year.
FrontView REIT declared that its board has authorized a stock buyback plan on Monday, November 24th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 23.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Institutional Investors Weigh In On FrontView REIT
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in shares of FrontView REIT during the 4th quarter valued at $30,000. Strs Ohio purchased a new stake in shares of FrontView REIT during the first quarter worth $35,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FrontView REIT during the fourth quarter worth $106,000. Resona Asset Management Co. Ltd. boosted its position in FrontView REIT by 26.5% during the third quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock valued at $111,000 after purchasing an additional 1,708 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $116,000 after purchasing an additional 1,156 shares during the last quarter.
About FrontView REIT
FrontView REIT specializes in real estate investing.
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