FrontView REIT, Inc.’s Quiet Period To Expire on November 11th (NYSE:FVR)

FrontView REIT’s (NYSE:FVR) quiet period will expire on Monday, November 11th. FrontView REIT had issued 13,200,000 shares in its IPO on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FVR. Bank of America began coverage on shares of FrontView REIT in a research note on Monday, October 28th. They set a “buy” rating and a $22.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $21.00 target price for the company. Morgan Stanley began coverage on FrontView REIT in a research note on Monday, October 28th. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company began coverage on FrontView REIT in a research note on Monday, October 28th. They set an “overweight” rating and a $22.00 price objective for the company.

FrontView REIT Stock Performance

FVR opened at $18.82 on Friday. FrontView REIT has a 12 month low of $18.25 and a 12 month high of $19.76.

Insider Activity at FrontView REIT

In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. bought 270,270 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of $19.11 per share, with a total value of $5,164,859.70. Following the completion of the transaction, the insider now owns 1,635,135 shares in the company, valued at approximately $31,247,429.85. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Alyeska Investment Group, L.P. purchased 270,270 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $19.11 per share, for a total transaction of $5,164,859.70. Following the purchase, the insider now owns 1,635,135 shares in the company, valued at approximately $31,247,429.85. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Preston purchased 3,540 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $18.74 per share, for a total transaction of $66,339.60. Following the completion of the transaction, the chief executive officer now owns 3,640 shares of the company’s stock, 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.