Morgan Stanley Lowers FrontView REIT (NYSE:FVR) Price Target to $22.00

Posted by David Hasegawa on Jan 6th, 2025

FrontView REIT (NYSE:FVR – Free Report) had its price objective reduced by Morgan Stanley from $23.00 to $22.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on FVR. Bank of America initiated coverage on FrontView REIT in a research note on Monday, October 28th. They issued a “buy” rating and a $22.00 price target for the company. JPMorgan Chase & Co. began coverage on FrontView REIT in a research report on Monday, October 28th. They issued an “overweight” rating and a $21.00 target price for the company. Capital One Financial began coverage on FrontView REIT in a research report on Tuesday, November 12th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on shares of FrontView REIT in a report on Monday, October 28th. They issued an “overweight” rating and a $22.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, FrontView REIT has an average rating of “Buy” and an average price target of $21.80.

Check Out Our Latest Stock Report on FVR

FrontView REIT Stock Performance

NYSE FVR opened at $17.89 on Friday. The company’s fifty day moving average is $18.84. FrontView REIT has a 12 month low of $17.78 and a 12 month high of $19.76.

FrontView REIT Announces Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.215 per share. The ex-dividend date is Tuesday, December 31st.

Insider Buying and Selling

In other news, CEO Stephen Preston bought 3,540 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of $18.74 per share, for a total transaction of $66,339.60. Following the transaction, the chief executive officer now owns 3,640 shares in the company, valued at approximately $68,213.60. This trade represents a 3,540.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $18.32, for a total transaction of $6,160,026.72. Following the completion of the sale, the insider now owns 1,467,012 shares in the company, valued at $26,875,659.84. The trade was a 18.65 % decrease in their position. The disclosure for this sale can be found here.