FrontView REIT (NYSE:FVR) Receives New Coverage from Analysts at Morgan Stanley

Equities researchers at Morgan Stanley started coverage on shares of FrontView REIT (NYSE:FVR) in a report released on Monday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $23.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 23.72% from the stock’s previous close.

Separately, Bank of America began coverage on FrontView REIT in a research report on Monday. They set a “buy” rating and a $22.00 target price on the stock.

FrontView REIT Price Performance

Shares of FrontView REIT stock opened at $18.59 on Monday. FrontView REIT has a 12-month low of $18.25 and a 12-month high of $19.76.

Insider Buying and Selling at FrontView REIT

In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the transaction, the insider now owns 1,467,012 shares in the company, valued at $26,875,659.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total value of $6,160,026.72. Following the transaction, the insider now owns 1,467,012 shares in the company, valued at $26,875,659.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen Preston purchased 3,540 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $18.74 per share, with a total value of $66,339.60. Following the purchase, the chief executive officer now owns 3,640 shares in the company, valued at $68,213.60. This represents a 3,500.00 % increase in their position. The disclosure for this purchase can be found here.

About FrontView REIT

FrontView REIT specializes in real estate investing.