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

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

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. assumed coverage on FrontView REIT in a research 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 FrontView REIT in a report on Tuesday, November 12th. They issued an “overweight” rating and a $22.00 price objective on the stock. 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 for the company. Finally, Wells Fargo & Company started coverage on shares of FrontView REIT in a research report on Monday, October 28th. They set an “overweight” rating and a $22.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, FrontView REIT presently has a consensus rating of “Buy” and a consensus target price of $21.80.

FrontView REIT Stock Down 0.3 %

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

FrontView REIT Dividend Announcement

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

Insider Activity

In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were 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 18.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen Preston acquired 3,540 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 3,640 shares in the company, valued at $68,213.60. The trade was a 3,540.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

About FrontView REIT

FrontView REIT specializes in real estate investing.