FrontView REIT, Inc.’s Quiet Period Set To Expire on November 11th (NYSE:FVR)

FrontView REIT’s (NYSE:FVR) quiet period will end on Monday, November 11th. 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. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FVR shares. Morgan Stanley started coverage on FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $23.00 price target on the stock. Bank of America started coverage on shares of FrontView REIT in a research report on Monday, October 28th. They issued a “buy” rating and a $22.00 price target on the stock. Wells Fargo & Company assumed coverage on FrontView REIT in a research report on Monday, October 28th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on FrontView REIT in a research note on Monday, October 28th. They set an “overweight” rating and a $21.00 price target for the company.

FrontView REIT Stock Up 2.0 %

NYSE FVR opened at $19.22 on Wednesday. FrontView REIT has a one year low of $18.25 and a one year high of $19.76.

Insider Buying and Selling

In related news, CEO Stephen Preston bought 3,540 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $18.74 per share, for a total transaction of $66,339.60. Following the transaction, the chief executive officer now owns 3,640 shares of the company’s stock, valued at $68,213.60. This represents a 3,500.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 1,467,012 shares in the company, valued at $26,875,659.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen Preston acquired 3,540 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $18.74 per share, with a total value of $66,339.60. Following the acquisition, the chief executive officer now owns 3,640 shares in the company, valued at $68,213.60. The trade was 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.