State of New Jersey Common Pension Fund D purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 90,000 shares of the company’s stock, valued at approximately $1,632,000. State of New Jersey Common Pension Fund D owned about 0.56% of FrontView REIT as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new position in FrontView REIT in the 4th quarter worth $73,000. SG Americas Securities LLC purchased a new position in shares of FrontView REIT in the fourth quarter worth about $119,000. State of Alaska Department of Revenue acquired a new stake in shares of FrontView REIT during the fourth quarter worth about $121,000. Asset Management One Co. Ltd. acquired a new stake in shares of FrontView REIT during the fourth quarter worth about $178,000. Finally, Rhumbline Advisers purchased a new stake in FrontView REIT in the fourth quarter valued at approximately $295,000.
Analyst Ratings Changes
A number of research firms recently issued reports on FVR. Morgan Stanley decreased their target price on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Capital One Financial started coverage on FrontView REIT in a report on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on FrontView REIT from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, FrontView REIT currently has a consensus rating of “Buy” and a consensus price target of $21.40.
FrontView REIT Trading Up 1.1 %
FVR stock opened at $17.55 on Wednesday. FrontView REIT, Inc. has a 1 year low of $15.30 and a 1 year high of $19.76. The firm has a 50-day moving average of $17.58.
FrontView REIT Profile
FrontView REIT specializes in real estate investing.
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