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

FrontView REIT, Inc. (NYSE:FVR) declared a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.215 per share on Tuesday, April 15th. This represents a $0.86 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Monday, March 31st.

FrontView REIT Price Performance

NYSE FVR traded down $0.94 during trading on Thursday, hitting $13.58. 338,352 shares of the company traded hands, compared to its average volume of 257,448. FrontView REIT has a 12 month low of $13.55 and a 12 month high of $19.76. The business’s fifty day simple moving average is $16.79.

FrontView REIT (NYSE:FVR) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $15.45 million. On average, equities analysts expect that FrontView REIT will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FVR shares. Wells Fargo & Company dropped their price objective on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Morgan Stanley reduced their price objective on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $21.20.

About FrontView REIT

FrontView REIT specializes in real estate investing.