FrontView REIT, Inc. (NYSE:FVR) to Issue $0.22 Quarterly Dividend

FrontView REIT, Inc. (NYSE:FVR) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.215 per share on Tuesday, April 15th. This represents a $0.86 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Monday, March 31st.

FrontView REIT Trading Down 6.5 %

Shares of FVR stock traded down $0.94 during trading hours on Thursday, reaching $13.58. 338,352 shares of the company were exchanged, compared to its average volume of 257,448. FrontView REIT has a fifty-two week low of $13.55 and a fifty-two week high of $19.76. The business has a fifty day moving average price of $16.79.

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

Wall Street Analyst Weigh In

FVR has been the topic of several recent research reports. Morgan Stanley decreased their price target on FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of FrontView REIT from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, FrontView REIT presently has an average rating of “Buy” and a consensus price target of $21.20.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.