FrontView REIT, Inc.’s (NYSE:FVR) Lock-Up Period Set To Expire on March 31st

FrontView REIT’s (NYSE:FVR) lock-up period is set to end on Monday, March 31st. FrontView REIT had issued 13,200,000 shares in its initial public offering on October 2nd. The total size of the offering was $250,800,000 based on an initial share price of $19.00. After the end of FrontView REIT’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company reduced their price objective on FrontView REIT from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Morgan Stanley dropped their target price on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $21.20.

FrontView REIT Price Performance

Shares of NYSE:FVR opened at $13.09 on Wednesday. The firm has a 50-day moving average price of $16.54. FrontView REIT has a 52 week low of $12.97 and a 52 week high of $19.76.

FrontView REIT (NYSE:FVR) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $15.45 million. On average, sell-side analysts anticipate that FrontView REIT will post 1.22 earnings per share for the current fiscal year.

FrontView REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.215 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.57%.

Institutional Trading of FrontView REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Woodline Partners LP purchased a new position in FrontView REIT in the fourth quarter valued at about $8,285,000. Zimmer Partners LP acquired a new stake in shares of FrontView REIT in the 4th quarter worth approximately $23,571,000. Squarepoint Ops LLC purchased a new position in FrontView REIT in the 4th quarter valued at approximately $924,000. Two Sigma Advisers LP acquired a new position in FrontView REIT during the fourth quarter worth $872,000. Finally, Two Sigma Investments LP acquired a new position in FrontView REIT during the fourth quarter worth $1,706,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.