Wells Fargo & Company Cuts FrontView REIT (NYSE:FVR) Price Target to $19.00

FrontView REIT (NYSE:FVR) had its price objective decreased by stock analysts at Wells Fargo & Company from $20.00 to $19.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 30.86% from the company’s current price.

Separately, Morgan Stanley reduced their price objective on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Five equities 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 target price of $21.20.

FrontView REIT Stock Performance

Shares of FrontView REIT stock traded up $0.03 on Friday, hitting $14.52. 3,531 shares of the company traded hands, compared to its average volume of 258,183. FrontView REIT has a 12-month low of $14.45 and a 12-month high of $19.76. The company’s 50-day simple moving average is $17.09.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Woodline Partners LP bought a new position in FrontView REIT during the 4th quarter valued at approximately $8,285,000. Zimmer Partners LP bought a new position in shares of FrontView REIT in the fourth quarter worth approximately $23,571,000. Squarepoint Ops LLC purchased a new position in shares of FrontView REIT in the fourth quarter worth $924,000. Two Sigma Advisers LP purchased a new stake in FrontView REIT in the fourth quarter worth approximately $872,000. Finally, Two Sigma Investments LP purchased a new position in shares of FrontView REIT in the fourth quarter worth approximately $1,706,000.

About FrontView REIT

FrontView REIT specializes in real estate investing.