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In recent transactions, Robert S. Green, a director at FrontView REIT, Inc. (NASDAQ:FVR), acquired 10,000 shares of the company’s common stock, totaling $190,000. The shares were purchased at a price of $19 each on October 4, 2024, significantly above the current trading price of $12.31. The REIT currently offers an attractive 7% dividend yield, though InvestingPro analysis indicates the stock is currently fairly valued. This acquisition increases Green’s direct ownership in the company to 10,000 shares.
Additionally, Green was involved in multiple transactions involving OP Units, which were part of a broader exchange related to the company’s initial public offering. These transactions, however, did not involve any direct cash exchange. Analyst price targets ranging from $17 to $22 suggest potential upside from current levels.
The transactions highlight Green’s active involvement in the company’s equity structure, reflecting his confidence in FrontView REIT’s future prospects. For deeper insights into insider trading patterns and comprehensive analysis, access the full FrontView REIT research report on InvestingPro, which covers over 1,400 US stocks.
In other recent news, FrontView REIT Inc. reported its financial results for the fourth quarter of 2024, with adjusted funds from operations (AFFO) per share meeting guidance at $0.33. The company generated $15.51 million in revenue during the quarter. However, FrontView REIT posted a net loss with earnings per share (EPS) at -$0.78, which did not meet analysts’ expectations. The company plans to continue its strategy of acquiring properties, with significant acquisitions planned for 2025. Analysts have expressed concerns about FrontView REIT’s negative EPS and its impact on profitability. Additionally, the company has been active in the real estate market, acquiring $103.4 million in new assets during the quarter. Looking ahead, FrontView REIT has set its 2025 AFFO per share guidance between $1.20 and $1.26, aiming for substantial real estate acquisitions to bolster cash flow.
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