FrontView REIT, Inc. $FVR Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. increased its position in shares of FrontView REIT, Inc. (NYSE:FVR) by 344.2% during the first quarter, Holdings Channel reports. The institutional investor owned 95,950 shares of the company’s stock after buying an additional 74,350 shares during the quarter. First Dallas Securities Inc.’s holdings in FrontView REIT were worth $1,484,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. One Wealth Management Investment & Advisory Services LLC acquired a new position in FrontView REIT during the 4th quarter worth approximately $2,442,000. SlateStone Wealth LLC purchased a new stake in shares of FrontView REIT during the 4th quarter worth $3,645,000. Corient Private Wealth LLC lifted its position in shares of FrontView REIT by 353.1% during the 4th quarter. Corient Private Wealth LLC now owns 760,883 shares of the company’s stock worth $11,231,000 after purchasing an additional 592,940 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of FrontView REIT by 1,230.4% during the fourth quarter. First Eagle Investment Management LLC now owns 399,126 shares of the company’s stock worth $5,891,000 after purchasing an additional 369,126 shares in the last quarter. Finally, Man Group plc acquired a new position in shares of FrontView REIT during the second quarter worth $628,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FVR. Compass Point initiated coverage on FrontView REIT in a research note on Monday, June 1st. They issued a “buy” rating and a $21.00 price target on the stock. BMO Capital Markets started coverage on FrontView REIT in a research report on Friday, April 17th. They set an “outperform” rating and a $20.00 price objective for the company. JonesTrading increased their price objective on FrontView REIT from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup restated a “buy” rating on shares of FrontView REIT in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on FrontView REIT from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, FrontView REIT currently has an average rating of “Moderate Buy” and a consensus price target of $19.88.

FrontView REIT Stock Performance

NYSE FVR opened at $20.86 on Friday. The company has a fifty day moving average of $18.63 and a two-hundred day moving average of $16.94. The company has a market capitalization of $472.59 million, a PE ratio of -130.41, a P/E/G ratio of 1.64 and a beta of 1.08. FrontView REIT, Inc. has a 1 year low of $11.19 and a 1 year high of $21.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69.

FrontView REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, June 30th. FrontView REIT’s dividend payout ratio (DPR) is currently -537.50%.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.