41,571 Shares in FrontView REIT, Inc. (NYSE:FVR) Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new position in shares of FrontView REIT, Inc. (NYSE:FVR) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 41,571 shares of the company’s stock, valued at approximately $754,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. abrdn plc purchased a new stake in FrontView REIT in the 4th quarter worth approximately $7,268,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of FrontView REIT during the fourth quarter worth $1,632,000. Bank of New York Mellon Corp purchased a new stake in shares of FrontView REIT in the fourth quarter valued at $563,000. Exchange Traded Concepts LLC acquired a new position in FrontView REIT in the fourth quarter valued at $535,000. Finally, Rhumbline Advisers purchased a new position in FrontView REIT during the fourth quarter worth about $295,000.

FrontView REIT Price Performance

Shares of NYSE:FVR opened at $12.88 on Monday. The business’s 50-day moving average price is $16.30. FrontView REIT, Inc. has a 1 year low of $12.72 and a 1 year high of $19.76.

FrontView REIT (NYSE:FVR) last released its quarterly 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 business had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $15.45 million. As a group, sell-side analysts forecast that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The company also recently declared 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 6.68%. The ex-dividend date is Monday, March 31st.

Insiders Place Their Bets

In other FrontView REIT news, CEO Randall Starr purchased 3,716 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of $13.34 per share, with a total value of $49,571.44. Following the acquisition, the chief executive officer now owns 3,716 shares of the company’s stock, valued at approximately $49,571.44. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

FVR has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price objective 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.