FrontView REIT, Inc. (FVR) to Issue Quarterly Dividend of $0.22 on April 15th

FrontView REIT, Inc. (NYSE:FVR) announced a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Monday, March 31st.

FrontView REIT Trading Down 2.1 %

Shares of FrontView REIT stock opened at $12.88 on Friday. The company has a 50 day moving average of $16.30. FrontView REIT has a fifty-two week low of $12.72 and a fifty-two week high of $19.76.

FrontView REIT (NYSE:FVR) last announced 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 company had revenue of $15.51 million during the quarter, compared to analyst estimates of $15.45 million. Equities analysts anticipate that FrontView REIT will post 1.22 EPS for the current fiscal year.

Insider Transactions at FrontView REIT

In other FrontView REIT news, CEO Randall Starr bought 3,716 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $13.34 per share, with a total value of $49,571.44. Following the transaction, the chief executive officer now directly owns 3,716 shares in the company, valued at $49,571.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

A number of brokerages have weighed in on FVR. Wells Fargo & Company decreased their price target 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 cut their target price 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.