FrontView REIT, Inc.’s (NYSE:FVR) Lock-Up Period Set To End on March 31st

FrontView REIT’s (NYSE:FVR) lock-up period is set to expire on Monday, March 31st. FrontView REIT had issued 13,200,000 shares in its public offering on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. After the end of FrontView REIT’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

FVR has been the subject of several recent research reports. Morgan Stanley reduced their price target 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. Wells Fargo & Company lowered their price target on shares of FrontView REIT from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.20.

FrontView REIT Trading Up 0.8 %

FVR opened at $13.15 on Friday. FrontView REIT has a 52-week low of $12.96 and a 52-week high of $19.76. The stock’s fifty day moving average is $16.39.

FrontView REIT (NYSE:FVR) last released its 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 business had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.45 million. Equities analysts forecast that FrontView REIT will post 1.22 earnings per share for the current year.

FrontView REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.215 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 annualized dividend and a dividend yield of 6.54%.

Insider Transactions at FrontView REIT

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now owns 3,716 shares in the company, valued at $49,571.44. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On FrontView REIT

Institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. acquired a new position in shares of FrontView REIT during the fourth quarter worth $178,000. Cbre Investment Management Listed Real Assets LLC bought a new position in FrontView REIT during the 4th quarter worth $12,626,000. Rhumbline Advisers bought a new stake in FrontView REIT in the fourth quarter valued at approximately $295,000. Nisa Investment Advisors LLC acquired a new stake in FrontView REIT during the 4th quarter valued at approximately $73,000. Finally, State of New Jersey Common Pension Fund D bought a new position in FrontView REIT during the fourth quarter worth $1,632,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.