Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 9,977 FrontView REIT, Inc. (NYSE:FVR)

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in FrontView REIT, Inc. (NYSE:FVR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,977 shares of the company’s stock, valued at approximately $128,000.

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. acquired a new stake in FrontView REIT in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC acquired a new stake in FrontView REIT in the fourth quarter valued at approximately $34,000. FNY Investment Advisers LLC acquired a new stake in FrontView REIT in the first quarter valued at approximately $25,000. New York State Common Retirement Fund acquired a new stake in FrontView REIT in the first quarter valued at approximately $38,000. Finally, BNP Paribas Financial Markets acquired a new stake in FrontView REIT in the fourth quarter valued at approximately $121,000.

FrontView REIT Trading Up 3.8%

NYSE:FVR opened at $12.78 on Friday. FrontView REIT, Inc. has a 12 month low of $10.61 and a 12 month high of $19.76. The firm has a fifty day simple moving average of $12.04 and a 200-day simple moving average of $13.23. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $243.87 million and a P/E ratio of -11.94.

FrontView REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Tuesday, September 30th.

Analyst Ratings Changes

Several brokerages have weighed in on FVR. Morgan Stanley downgraded shares of FrontView REIT from an “overweight” rating to an “equal weight” rating and set a $13.50 target price for the company. in a research note on Friday, July 11th. Bank of America reiterated an “underperform” rating and set a $11.00 price objective (down from $15.00) on shares of FrontView REIT in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. downgraded shares of FrontView REIT from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $14.00 to $12.00 in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, FrontView REIT presently has a consensus rating of “Hold” and an average price target of $15.10.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.