FrontView REIT, Inc.’s Lock-Up Period Will Expire on March 31st (NYSE:FVR)

FrontView REIT’s (NYSE:FVR) lock-up period is set to expire on Monday, March 31st. FrontView REIT had issued 13,200,000 shares in its public offering on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. After the end of FrontView REIT’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Morgan Stanley reduced their price objective on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, FrontView REIT has a consensus rating of “Buy” and an average target price of $21.20.

FrontView REIT Trading Down 1.8 %

Shares of FVR opened at $13.32 on Monday. FrontView REIT has a twelve month low of $13.00 and a twelve month high of $19.76. The firm’s 50-day moving average is $16.67.

FrontView REIT (NYSE:FVR) last posted its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. As a group, sell-side analysts predict that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 6.46%. The ex-dividend date is Monday, March 31st.

Hedge Funds Weigh In On FrontView REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in shares of FrontView REIT in the 4th quarter valued at about $73,000. SG Americas Securities LLC bought a new position in shares of FrontView REIT in the fourth quarter worth approximately $119,000. Exchange Traded Concepts LLC purchased a new stake in FrontView REIT in the fourth quarter valued at approximately $535,000. abrdn plc bought a new stake in FrontView REIT during the fourth quarter valued at approximately $7,268,000. Finally, State of Alaska Department of Revenue bought a new stake in FrontView REIT during the fourth quarter valued at approximately $121,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.