FrontView REIT (NYSE:FVR) Shares Down 3.6% – Here’s Why

Shares of FrontView REIT, Inc. (NYSE:FVR) traded down 3.6% on Friday . The stock traded as low as $18.13 and last traded at $18.20. 280,840 shares were traded during mid-day trading, an increase of 3% from the average session volume of 273,389 shares. The stock had previously closed at $18.87.

Analyst Upgrades and Downgrades

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

FrontView REIT Trading Down 3.6 %

The stock’s 50 day simple moving average is $18.98.

FrontView REIT Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.215 per share. The ex-dividend date is Tuesday, December 31st.

Insider Activity at FrontView REIT

In related news, major shareholder Alyeska Investment Group, L.P. acquired 270,270 shares of FrontView REIT stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of $19.11 per share, with a total value of $5,164,859.70. Following the completion of the purchase, the insider now directly owns 1,635,135 shares of the company’s stock, valued at $31,247,429.85. The trade was a 19.80 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen Preston acquired 3,540 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $18.74 per share, with a total value of $66,339.60. Following the completion of the purchase, the chief executive officer now directly owns 3,640 shares in the company, 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.