Norges Bank Invests $906,000 in FrontView REIT, Inc. (NYSE:FVR)

Norges Bank acquired a new position in shares of FrontView REIT, Inc. (NYSE:FVR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 50,000 shares of the company’s stock, valued at approximately $906,000.

A number of other large investors also recently modified their holdings of FVR. Cbre Investment Management Listed Real Assets LLC bought a new position in FrontView REIT in the 4th quarter worth approximately $12,626,000. abrdn plc purchased a new stake in FrontView REIT during the fourth quarter valued at about $7,268,000. Burkehill Global Management LP acquired a new position in FrontView REIT in the 4th quarter worth approximately $5,439,000. Prudential Financial Inc. acquired a new position in FrontView REIT during the fourth quarter valued at $2,453,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of FrontView REIT in the 4th quarter valued at about $1,632,000.

FrontView REIT Price Performance

Shares of NYSE FVR opened at $11.24 on Friday. The company has a fifty day moving average price of $14.95. FrontView REIT, Inc. has a one year low of $10.61 and a one year high of $19.76.

FrontView REIT (NYSE:FVR) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. Equities analysts anticipate that FrontView REIT, Inc. will post 1.22 EPS for the current year.

FrontView REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Monday, March 31st.

Insider Activity at FrontView REIT

In other FrontView REIT news, CEO Randall Starr acquired 3,716 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, for a total transaction of $49,571.44. Following the transaction, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

Several brokerages have recently issued reports on FVR. Wells Fargo & Company reduced their price target on FrontView REIT from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley dropped their price objective on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, FrontView REIT presently has an average rating of “Buy” and an average price target of $20.80.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.