JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FrontView REIT (NYSE:FVR) Stock

by · The Cerbat Gem

FrontView REIT (NYSE:FVR – Get Free Report) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $17.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 1.23% from the company’s current price.

A number of other research firms have also recently weighed in on FVR. B. Riley Financial assumed coverage on FrontView REIT in a research note on Thursday, March 19th. They issued a “buy” rating and a $20.50 price target on the stock. BMO Capital Markets assumed coverage on FrontView REIT in a research note on Friday, April 17th. They issued an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings upgraded FrontView REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Zacks Research lowered FrontView REIT from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, FrontView REIT presently has an average rating of “Hold” and an average target price of $17.21.

Check Out Our Latest Research Report on FVR

FrontView REIT Stock Up 0.9%

FrontView REIT stock traded up $0.16 during midday trading on Thursday, reaching $17.78. The company’s stock had a trading volume of 41,684 shares, compared to its average volume of 137,474. FrontView REIT has a fifty-two week low of $10.81 and a fifty-two week high of $18.49. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. The company has a market cap of $402.76 million, a P/E ratio of -111.15, a P/E/G ratio of 0.88 and a beta of 1.30. The business has a 50-day simple moving average of $16.89 and a 200-day simple moving average of $16.06.

FrontView REIT (NYSE:FVR – Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.50). FrontView REIT had a negative net margin of 3.88% and a negative return on equity of 0.53%. The business had revenue of $16.52 million during the quarter, compared to analyst estimates of $16.94 million. On average, research analysts expect that FrontView REIT will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FrontView REIT

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in FrontView REIT in the 4th quarter valued at approximately $30,000. Strs Ohio purchased a new stake in FrontView REIT in the 1st quarter valued at approximately $35,000. Public Employees Retirement System of Ohio purchased a new stake in FrontView REIT in the 4th quarter valued at approximately $106,000. Resona Asset Management Co. Ltd. boosted its holdings in FrontView REIT by 26.5% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 8,153 shares of the company’s stock valued at $111,000 after purchasing an additional 1,708 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in FrontView REIT by 13.6% in the 2nd 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 in the last quarter.

About FrontView REIT

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FrontView REIT specializes in real estate investing.

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