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Investing.com - Freedom Broker initiated coverage on Frontview REIT Inc (NYSE:FVR) with a Buy rating and a price target of $17.00, representing a 42% upside from the current price of $11.96. According to InvestingPro data, the stock has declined over 30% in the past six months.
The research firm cited FVR’s "differentiated and successful strategy" focused on acquiring and managing high-quality single-tenant net-lease retail properties with direct road frontage.
Freedom Broker highlighted the company’s "real estate first approach" that targets a resilient and fragmented market niche, enabling FVR to achieve "attractive, above-market acquisition yields."
The firm believes Frontview REIT’s current market valuation fails to fully reflect its "unique investment thesis" and "proven acquisition engine" in the real estate investment trust sector.
Freedom Broker also pointed to FVR’s "clear path to shareholder value creation through the continued consolidation of the outparcel market" as a key factor supporting its positive outlook on the stock.
In other recent news, Frontview REIT Inc. reported stable financial results for the first quarter of 2025, with adjusted funds from operations (AFFO) per share at $0.30 and rental collections reaching 99.5%. The company announced revenue of $16.24 million for the quarter, alongside a revised acquisition guidance for 2025, now set between $125 million and $145 million. Despite strong operational performance, Frontview faces challenges, as both BofA Securities and JPMorgan downgraded the company due to leadership and growth concerns. BofA Securities reduced Frontview’s rating from Neutral to Underperform, citing leadership changes and operational hurdles, while JPMorgan lowered its rating from Overweight to Neutral, pointing to limited growth opportunities. The company is classified as a "special situation" by JPMorgan, with potential for mergers and acquisitions if stock prices remain low. Additionally, Frontview’s debt to annualized adjusted EBITDAre ratio stands at 5.7x, and the company plans to maintain liquidity between $60 million and $70 million by year-end. The REIT also reaffirmed its 2025 AFFO per share guidance range of $1.20 to $1.26, emphasizing its strategic focus on acquiring high-traffic properties.
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