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

FrontView REIT, Inc. (NYSE:FVR) declared a — dividend on Wednesday, November 13th,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 of this dividend is Tuesday, December 31st.

FrontView REIT Price Performance

FrontView REIT stock opened at $18.20 on Friday. FrontView REIT has a one year low of $17.80 and a one year high of $19.76. The firm has a fifty day simple moving average of $18.98.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of FrontView REIT in a report on Monday, October 28th. They set an “overweight” rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on FrontView REIT in a research note on Monday, October 28th. They set an “overweight” rating and a $21.00 price target on the stock. Bank of America assumed coverage on FrontView REIT in a research note on Monday, October 28th. They issued a “buy” rating and a $22.00 price objective for the company. Capital One Financial initiated coverage on FrontView REIT in a research report on Tuesday, November 12th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, Wells Fargo & Company began coverage on FrontView REIT in a research report on Monday, October 28th. They issued an “overweight” rating and a $22.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $22.00.

Insiders Place Their Bets

In other news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of FrontView REIT stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the completion of the sale, the insider now owns 1,467,012 shares of the company’s stock, valued at $26,875,659.84. The trade was a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Preston bought 3,540 shares of FrontView REIT stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $18.74 per share, for a total transaction of $66,339.60. Following the completion of the transaction, the chief executive officer now directly owns 3,640 shares of the company’s stock, valued at $68,213.60. This trade represents a 3,540.00 % increase in their position. The disclosure for this purchase can be found here.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.