Cbre Investment Management Listed Real Assets LLC acquired a new stake in FrontView REIT, Inc. (NYSE:FVR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 696,416 shares of the company’s stock, valued at approximately $12,626,000.
Several other institutional investors have also added to or reduced their stakes in FVR. abrdn plc purchased a new stake in FrontView REIT during the 4th quarter valued at $7,268,000. State of New Jersey Common Pension Fund D bought a new position in shares of FrontView REIT in the 4th quarter worth about $1,632,000. Charles Schwab Investment Management Inc. bought a new position in shares of FrontView REIT in the 4th quarter worth about $754,000. Bank of New York Mellon Corp bought a new position in shares of FrontView REIT in the 4th quarter worth about $563,000. Finally, Exchange Traded Concepts LLC bought a new stake in FrontView REIT during the 4th quarter valued at about $535,000.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. 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 note on Friday, January 3rd. Capital One Financial assumed coverage on shares of FrontView REIT in a report on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of FrontView REIT from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $21.40.
FrontView REIT Trading Down 1.9 %
FrontView REIT stock opened at $16.48 on Wednesday. The firm’s 50 day moving average is $17.41. FrontView REIT, Inc. has a 1 year low of $15.30 and a 1 year high of $19.76.
About FrontView REIT
FrontView REIT specializes in real estate investing.
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