FrontView REIT, Inc. (NYSE:FVR) Short Interest Up 71.9% in December

by · The Markets Daily

FrontView REIT, Inc. (NYSE:FVRGet Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 652,895 shares, an increase of 71.9% from the December 15th total of 379,783 shares. Based on an average trading volume of 197,655 shares, the short-interest ratio is presently 3.3 days. Currently, 3.2% of the shares of the company are short sold. Currently, 3.2% of the shares of the company are short sold. Based on an average trading volume of 197,655 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

FVR has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of FrontView REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Wells Fargo & Company increased their price target on FrontView REIT from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Jones Trading assumed coverage on FrontView REIT in a research report on Wednesday. They issued a “buy” rating and a $19.00 price objective on the stock. Wall Street Zen raised FrontView REIT from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of FrontView REIT in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, FrontView REIT has a consensus rating of “Hold” and a consensus price target of $15.80.

Get Our Latest Stock Report on FVR

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FVR. State of Alaska Department of Revenue lifted its holdings in FrontView REIT by 9.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,275 shares of the company’s stock valued at $126,000 after buying an additional 783 shares in the last quarter. Strs Ohio increased its position in shares of FrontView REIT by 29.6% during the third quarter. Strs Ohio now owns 3,500 shares of the company’s stock worth $48,000 after acquiring an additional 800 shares during the period. Sei Investments Co. raised its stake in shares of FrontView REIT by 6.6% during the third quarter. Sei Investments Co. now owns 17,601 shares of the company’s stock valued at $241,000 after acquiring an additional 1,084 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of FrontView REIT by 0.6% in the third quarter. Centersquare Investment Management LLC now owns 184,370 shares of the company’s stock valued at $2,528,000 after purchasing an additional 1,150 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FrontView REIT by 13.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,680 shares of the company’s stock valued at $116,000 after purchasing an additional 1,156 shares during the period.

FrontView REIT Price Performance

Shares of FrontView REIT stock traded down $0.20 during trading on Friday, reaching $16.19. 232,349 shares of the stock traded hands, compared to its average volume of 220,886. FrontView REIT has a 52-week low of $10.61 and a 52-week high of $18.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day simple moving average of $15.08 and a two-hundred day simple moving average of $13.78. The company has a market capitalization of $350.43 million, a price-to-earnings ratio of -19.74 and a beta of 1.33.

FrontView REIT (NYSE:FVRGet Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The firm had revenue of $16.89 million during the quarter, compared to analysts’ expectations of $17.34 million. FrontView REIT had a negative return on equity of 4.25% and a negative net margin of 32.21%.FrontView REIT has set its FY 2025 guidance at 1.230-1.250 EPS. Sell-side analysts expect that FrontView REIT will post 1.22 EPS for the current year.

FrontView REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, December 31st. FrontView REIT’s payout ratio is currently -104.88%.

FrontView REIT declared that its Board of Directors has approved a share repurchase program on Monday, November 24th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 23.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

About FrontView REIT

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FrontView REIT specializes in real estate investing.

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