FrontView REIT, Inc. (NYSE:FVR) Plans — Dividend of $0.22

FrontView REIT, Inc. (NYSE:FVR) declared a — dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.215 per share on Wednesday, January 15th. The ex-dividend date of this dividend is Tuesday, December 31st.

FrontView REIT Trading Down 2.4 %

Shares of NYSE FVR opened at $18.60 on Friday. FrontView REIT has a fifty-two week low of $18.25 and a fifty-two week high of $19.76.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FVR. Morgan Stanley began coverage on FrontView REIT in a research report on Monday, October 28th. They issued an “overweight” rating and a $23.00 price target for the company. Capital One Financial initiated coverage on FrontView REIT in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price target for the company. Bank of America initiated coverage on FrontView REIT in a research note on Monday, October 28th. They set a “buy” rating and a $22.00 price objective for the company. Wells Fargo & Company initiated coverage on FrontView REIT in a research note on Monday, October 28th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on FrontView REIT in a research note on Monday, October 28th. They set an “overweight” rating and a $21.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Insiders Place Their Bets

In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of FrontView REIT stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total transaction of $6,160,026.72. Following the completion of the sale, the insider now owns 1,467,012 shares of the company’s stock, valued at $26,875,659.84. The trade was a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Preston purchased 3,540 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $18.74 per share, with a total value of $66,339.60. Following the purchase, the chief executive officer now owns 3,640 shares of the company’s stock, valued at approximately $68,213.60. The trade was a 3,540.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

About FrontView REIT

FrontView REIT specializes in real estate investing.