FrontView REIT, Inc. Declares — Dividend of $0.22 (NYSE:FVR)

FrontView REIT, Inc. (NYSE:FVR) declared a — dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.215 per share on Wednesday, January 15th. The ex-dividend date is Tuesday, December 31st.

FrontView REIT Stock Down 2.4 %

Shares of FVR stock traded down $0.46 during trading hours on Friday, reaching $18.59. 54,456 shares of the company traded hands, compared to its average volume of 263,880. FrontView REIT has a 12-month low of $18.25 and a 12-month high of $19.76.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Bank of America started coverage on FrontView REIT in a report on Monday, October 28th. They issued a “buy” rating and a $22.00 target price on the stock. Capital One Financial began coverage on FrontView REIT in a research report on Tuesday. They issued an “overweight” rating and a $22.00 price target for the company. Morgan Stanley assumed coverage on FrontView REIT in a research note on Monday, October 28th. They issued an “overweight” rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of FrontView REIT in a report on Monday, October 28th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, Wells Fargo & Company began coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $22.00 target price for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $22.00.

Insiders Place Their Bets

In other news, CEO Stephen Preston bought 3,540 shares of FrontView REIT stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $18.74 per share, with a total value of $66,339.60. Following the completion of the acquisition, the chief executive officer now directly owns 3,640 shares of the company’s stock, valued at $68,213.60. The trade was a 3,540.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alyeska Investment Group, L.P. bought 270,270 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $19.11 per share, for a total transaction of $5,164,859.70. Following the completion of the purchase, the insider now directly owns 1,635,135 shares in the company, valued at approximately $31,247,429.85. This represents a 19.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.