Tower Research Capital LLC TRC Takes $34,000 Position in FrontView REIT, Inc. (NYSE:FVR)

Tower Research Capital LLC TRC acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,884 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FVR. Summit Investment Advisors Inc. acquired a new position in FrontView REIT in the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC bought a new stake in shares of FrontView REIT in the 4th quarter worth approximately $73,000. Quantbot Technologies LP acquired a new position in FrontView REIT during the 4th quarter valued at approximately $114,000. SG Americas Securities LLC acquired a new position in FrontView REIT during the 4th quarter valued at approximately $119,000. Finally, State of Alaska Department of Revenue bought a new position in FrontView REIT during the 4th quarter worth $121,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Bank of America cut shares of FrontView REIT from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.40.

Insider Buying and Selling at FrontView REIT

In other news, CEO Randall Starr purchased 3,716 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, with a total value of $49,571.44. Following the purchase, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

FrontView REIT Stock Performance

FVR opened at $11.90 on Thursday. The stock’s 50 day moving average price is $12.65 and its 200 day moving average price is $16.19. FrontView REIT, Inc. has a 12 month low of $10.61 and a 12 month high of $19.76.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. On average, equities analysts expect that FrontView REIT, Inc. will post 1.22 EPS for the current fiscal year.

FrontView REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.215 per share. The ex-dividend date was Monday, March 31st. This represents a $0.86 annualized dividend and a yield of 7.23%.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.