Rhumbline Advisers Purchases New Holdings in FrontView REIT, Inc. (NYSE:FVR)

Rhumbline Advisers acquired a new position in FrontView REIT, Inc. (NYSE:FVR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,248 shares of the company’s stock, valued at approximately $295,000. Rhumbline Advisers owned 0.10% of FrontView REIT as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. abrdn plc bought a new stake in shares of FrontView REIT in the 4th quarter valued at about $7,268,000. Exchange Traded Concepts LLC bought a new position in shares of FrontView REIT during the fourth quarter worth about $535,000. Asset Management One Co. Ltd. bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $178,000. State of Alaska Department of Revenue acquired a new stake in FrontView REIT in the 4th quarter valued at $121,000. Finally, SG Americas Securities LLC bought a new stake in FrontView REIT during the fourth quarter worth about $119,000.

FrontView REIT Stock Down 0.5 %

Shares of FVR opened at $16.06 on Monday. The stock has a 50-day moving average price of $17.27. FrontView REIT, Inc. has a 12-month low of $15.30 and a 12-month high of $19.76.

Wall Street Analyst Weigh In

Several research firms have issued reports on FVR. Wells Fargo & Company dropped their price target on shares of FrontView REIT from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Capital One Financial assumed coverage on FrontView REIT in a report on Tuesday, November 12th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, Morgan Stanley decreased their price objective on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, FrontView REIT has a consensus rating of “Buy” and a consensus target price of $21.40.

About FrontView REIT

FrontView REIT specializes in real estate investing.