FrontView REIT (NYSE:FVR) Coverage Initiated at Wells Fargo & Company

Posted by ABMN Staff on Nov 1st, 2024

Wells Fargo & Company began coverage on shares of FrontView REIT (NYSE:FVR – Free Report) in a research note published on Monday morning, Marketbeat.com reports. The firm issued an overweight rating and a $22.00 target price on the stock.

FVR has been the subject of several other reports. Morgan Stanley began coverage on shares of FrontView REIT in a research report on Monday. They set an “overweight” rating and a $23.00 target price for the company. Bank of America started coverage on FrontView REIT in a research report on Monday. They issued a “buy” rating and a $22.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of FrontView REIT in a report on Monday. They set an “overweight” rating and a $21.00 price objective on the stock.

View Our Latest Analysis on FVR

FrontView REIT Stock Performance

NYSE FVR opened at $18.74 on Monday. FrontView REIT has a 12-month low of $18.25 and a 12-month high of $19.76.

Insider Transactions at FrontView REIT

In related news, CEO Stephen Preston purchased 3,540 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $18.74 per share, for a total transaction of $66,339.60. Following the purchase, the chief executive officer now directly owns 3,640 shares in the company, valued at approximately $68,213.60. This trade represents a 3,500.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 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 owns 1,467,012 shares of the company’s stock, valued at $26,875,659.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stephen Preston acquired 3,540 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $18.74 per share, with a total value of $66,339.60. Following the completion of the acquisition, the chief executive officer now 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.