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

FrontView REIT’s (NYSE:FVR) quiet period is set to expire 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 FrontView REIT’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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 Ratings Changes

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

FrontView REIT Price Performance

Shares of FVR opened at $18.90 on Monday. FrontView REIT has a 52 week low of $18.25 and a 52 week high of $19.76.

Insider Buying and Selling at FrontView REIT

In other news, major shareholder Alyeska Investment Group, L.P. acquired 270,270 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of $19.11 per share, with a total value of $5,164,859.70. Following the purchase, the insider now directly owns 1,635,135 shares of the company’s stock, valued at $31,247,429.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other FrontView REIT news, CEO Stephen Preston purchased 3,540 shares of FrontView REIT stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price 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 of the company’s stock, valued at $68,213.60. This trade represents a 3,500.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alyeska Investment Group, L.P. purchased 270,270 shares of the stock in a transaction on Thursday, October 3rd. The shares were acquired at an average price of $19.11 per share, for a total transaction of $5,164,859.70. Following the transaction, the insider now directly owns 1,635,135 shares of the company’s stock, valued at $31,247,429.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here.

About FrontView REIT

FrontView REIT specializes in real estate investing.