B. Riley raised the firm's price target on FrontView REIT to $24 from $20.50 and keeps a Buy rating on the shares. The recent share rally is inherently a decrease in FrontView's cost of equity capital, the analyst tells investors in a research note. The firm says this is "particularly important" for FrontView given that the bottom-line per-share growth for single-tenant net lease real estate investment trusts has traditionally been spread investing with newly raised capital.
