Burkehill Global Management LP Acquires New Stake in FrontView REIT, Inc. (NYSE:FVR)

Burkehill Global Management LP bought a new position in shares of FrontView REIT, Inc. (NYSE:FVR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 300,000 shares of the company’s stock, valued at approximately $5,439,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of FrontView REIT during the fourth quarter worth about $73,000. SG Americas Securities LLC bought a new stake in FrontView REIT in the 4th quarter valued at approximately $119,000. Exchange Traded Concepts LLC bought a new stake in FrontView REIT in the 4th quarter valued at approximately $535,000. abrdn plc acquired a new position in FrontView REIT during the 4th quarter worth approximately $7,268,000. Finally, State of Alaska Department of Revenue bought a new position in shares of FrontView REIT during the 4th quarter worth approximately $121,000.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of FrontView REIT from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price objective on shares of FrontView REIT from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $21.40.

FrontView REIT Price Performance

NYSE:FVR opened at $14.81 on Thursday. FrontView REIT, Inc. has a 1-year low of $14.75 and a 1-year high of $19.76. The firm has a fifty day moving average price of $17.09.

FrontView REIT Profile

FrontView REIT specializes in real estate investing.