FrontView REIT price target lowered to $19 from $20 at Wells Fargo

Wells Fargo lowered the firm’s price target on FrontView REIT (FVR) to $19 from $20 and keeps an Overweight rating on the shares. The firm is also updating its estimates following the company’s most recent press releases and subsequent commentary around conference season. FrontView REIT has entered a difficult place where its strong execution on acquisitions has been offset by more vacancies than were originally flagged on its watchlist at IPO, Wells says. At this point the Q1 2026 equity raise needed to de-lever continues to become a more difficult hurdle. Investors will likely need to see multiple quarters of consistency on the credit side to re-engage, the firm argues. Wells is also curious to see how the pre-IPO holders will react following the volatility as their lock-up ends March 31.