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In a recent transaction, Robert S. Green, a director at FrontView REIT, Inc. (NASDAQ:FVR), acquired 7,450 shares of the company’s common stock. The timing is notable as InvestingPro data shows the stock has declined over 26% year-to-date, with technical indicators suggesting oversold conditions. The purchase, made on March 21, totaled $99,830, with shares bought at prices ranging from $13.34 to $13.43 each. The acquisition was executed through RSG Holdings Inc., an entity wholly owned by Green. Following this transaction, Green holds 7,450 shares indirectly. According to InvestingPro analysis, the stock appears undervalued, with analyst price targets ranging from $19 to $22. Discover more insights and 10+ additional ProTips for FVR in the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, FrontView REIT Inc. reported its earnings for the fourth quarter of 2024. The company achieved an adjusted funds from operations (AFFO) per share of $0.33, in line with its guidance, while total revenue reached $15.51 million. Despite meeting AFFO expectations, FrontView REIT reported a net loss with earnings per share (EPS) of -$0.78, which fell below analysts’ expectations and contributed to investor concerns. The company maintained a robust occupancy rate of 98% and continued its acquisition strategy, adding $103.4 million in new assets during the quarter.
Looking forward, FrontView REIT has set its 2025 AFFO per share guidance between $1.20 and $1.26 and plans to acquire $175 million to $200 million in real estate. The company aims for a 7.5% cap rate on new acquisitions, which could enhance cash flow. During the earnings call, executives expressed confidence in managing tenant issues and highlighted ongoing negotiations for several vacant properties. Analysts from firms like Morgan Stanley (NYSE:MS) have inquired about the acquisition pipeline and tenant health, reflecting broader market interest in the company’s strategic direction.
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