Research analysts at Bank of America initiated coverage on shares of FrontView REIT (NYSE:FVR – Get Free Report) in a report issued on Monday, Briefing.com reports. The firm set a “buy” rating and a $22.00 price target on the stock. Bank of America‘s price objective indicates a potential upside of 13.17% from the company’s previous close.
FrontView REIT Trading Down 0.7 %
NYSE:FVR opened at $19.44 on Monday. FrontView REIT has a 12 month low of $18.25 and a 12 month high of $19.76.
Insider Buying and Selling
In other FrontView REIT news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of FrontView REIT stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $18.32, for a total transaction of $6,160,026.72. Following the sale, the insider now owns 1,467,012 shares of the company’s stock, valued at $26,875,659.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Alyeska Investment Group, L.P. sold 336,246 shares of FrontView REIT stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $18.32, for a total transaction of $6,160,026.72. Following the transaction, the insider now owns 1,467,012 shares in the company, valued at approximately $26,875,659.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen Preston purchased 3,540 shares of FrontView REIT stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $18.74 per share, for a total transaction of $66,339.60. Following the acquisition, the chief executive officer now owns 3,640 shares in the company, valued at approximately $68,213.60. This trade represents a 3,500.00 % 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.
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