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

FrontView REIT (NYSE:FVR) had its target price lowered by Morgan Stanley from $23.00 to $22.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also issued reports on FVR. Bank of America began coverage on FrontView REIT in a report on Monday, October 28th. They set a “buy” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of FrontView REIT in a report on Monday, October 28th. They issued an “overweight” rating and a $21.00 target price on the stock. Capital One Financial started coverage on shares of 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 initiated coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $22.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, FrontView REIT presently has an average rating of “Buy” and an average target price of $21.80.

FrontView REIT Price Performance

Shares of FVR stock opened at $17.89 on Friday. The company has a 50 day moving average of $18.84. FrontView REIT has a 1 year low of $17.78 and a 1 year high of $19.76.

FrontView REIT Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.215 dividend. The ex-dividend date of this dividend is Tuesday, December 31st.

Insider Buying and Selling at FrontView REIT

In other 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 transaction of $6,160,026.72. Following the sale, the insider now directly owns 1,467,012 shares in the company, valued at approximately $26,875,659.84. The trade was a 18.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen Preston acquired 3,540 shares of the stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $18.74 per share, with a total value of $66,339.60. Following the purchase, the chief executive officer now directly owns 3,640 shares of the company’s stock, valued at $68,213.60. This trade represents a 3,540.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.