FrontView REIT, Inc. Plans Quarterly Dividend of $0.22 (NYSE:FVR)

FrontView REIT, Inc. (NYSE:FVR) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.215 per share on Tuesday, April 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Monday, March 31st.

FrontView REIT Trading Down 6.5 %

Shares of NYSE FVR traded down $0.94 during trading hours on Thursday, reaching $13.58. The stock had a trading volume of 338,352 shares, compared to its average volume of 257,448. FrontView REIT has a twelve month low of $13.55 and a twelve month high of $19.76. The stock has a fifty day moving average price of $16.79.

FrontView REIT (NYSE:FVR) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. On average, research analysts anticipate that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FVR has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Morgan Stanley dropped their price objective on 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, FrontView REIT has a consensus rating of “Buy” and a consensus price target of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.