FrontView REIT (NYSE:FVR) Coverage Initiated at Morgan Stanley

Stock analysts at Morgan Stanley began coverage on shares of FrontView REIT (NYSE:FVR) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $23.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 23.72% from the company’s previous close.

Separately, Bank of America assumed coverage on FrontView REIT in a report on Monday. They set a “buy” rating and a $22.00 target price on the stock.

FrontView REIT Trading Down 2.8 %

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 Transactions 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 transaction of $6,160,026.72. Following the completion of the transaction, the insider now owns 1,467,012 shares in the company, valued at $26,875,659.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $6,160,026.72. Following the completion of the transaction, the insider now owns 1,467,012 shares in the company, valued at $26,875,659.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen Preston purchased 3,540 shares of FrontView REIT stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $18.74 per share, with a total value of $66,339.60. Following the transaction, the chief executive officer now directly owns 3,640 shares in the company, 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.