FrontView REIT (NYSE:FVR) Coverage Initiated at Wells Fargo & Company

Equities researchers at Wells Fargo & Company initiated coverage on shares of FrontView REIT (NYSE:FVR) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $22.00 price target on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 18.34% from the stock’s current price.

Several other brokerages have also issued reports on FVR. Morgan Stanley began coverage on FrontView REIT in a research report on Monday. They set an “overweight” rating and a $23.00 target price for the company. Bank of America began coverage on FrontView REIT in a research report on Monday. They set a “buy” rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on FrontView REIT in a research report on Monday. They set an “overweight” rating and a $21.00 target price for the company.

FrontView REIT Trading Down 2.8 %

Shares of NYSE FVR opened at $18.59 on Monday. FrontView REIT has a 1-year low of $18.25 and a 1-year high of $19.76.

Insider Activity at FrontView REIT

In related news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the completion of the sale, the insider now owns 1,467,012 shares in the company, valued at approximately $26,875,659.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the completion of the sale, the insider now owns 1,467,012 shares in the company, valued at approximately $26,875,659.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Preston purchased 3,540 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $18.74 per share, with a total value of $66,339.60. Following the acquisition, the chief executive officer now directly owns 3,640 shares of the company’s stock, valued at $68,213.60. This trade represents a 3,500.00 % increase in their position. The disclosure for this purchase can be found here.

About FrontView REIT

FrontView REIT specializes in real estate investing.