Morgan Stanley Lowers FrontView REIT (NYSE:FVR) Price Target to $22.00

FrontView REIT (NYSE:FVR) had its price objective reduced by analysts at Morgan Stanley from $23.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 22.97% from the stock’s current price.

Several other research analysts have also recently weighed in on FVR. Bank of America initiated coverage on shares of FrontView REIT in a research report on Monday, October 28th. They issued a “buy” rating and a $22.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $22.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of FrontView REIT in a research report on Monday, October 28th. They issued an “overweight” rating and a $21.00 target price for the company. Finally, Capital One Financial began coverage on FrontView REIT in a research report on Tuesday, November 12th. They set an “overweight” rating and a $22.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $21.80.

FrontView REIT Price Performance

Shares of FrontView REIT stock opened at $17.89 on Friday. The firm’s fifty day simple moving average is $18.84. FrontView REIT has a 1 year low of $17.78 and a 1 year high of $19.76.

Insiders Place Their Bets

In related news, CEO Stephen Preston purchased 3,540 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired 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 directly owns 3,640 shares of the company’s stock, valued at approximately $68,213.60. This trade represents a 3,540.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $18.32, for a total value of $6,160,026.72. Following the sale, the insider now directly owns 1,467,012 shares of the company’s stock, valued at approximately $26,875,659.84. This trade represents a 18.65 % decrease in their position. The disclosure for this sale can be found here.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.