Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Consensus Rating of “Moderate Buy” from Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $30.20.

FCPT has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Barclays dropped their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company raised their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 10th.

Four Corners Property Trust Stock Performance

Shares of FCPT stock opened at $28.19 on Monday. Four Corners Property Trust has a 12 month low of $22.89 and a 12 month high of $30.93. The company’s fifty day simple moving average is $28.03 and its 200-day simple moving average is $28.11. The firm has a market cap of $2.82 billion, a PE ratio of 26.34 and a beta of 0.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. Equities research analysts expect that Four Corners Property Trust will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.355 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 5.04%. Four Corners Property Trust’s dividend payout ratio is 132.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC raised its stake in Four Corners Property Trust by 37.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 115,855 shares of the financial services provider’s stock valued at $3,325,000 after acquiring an additional 31,369 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Four Corners Property Trust by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,551 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 796 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Four Corners Property Trust by 23.6% in the first quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 1,231 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Four Corners Property Trust during the 4th quarter worth about $46,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Four Corners Property Trust by 1.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 260,842 shares of the financial services provider’s stock worth $7,079,000 after buying an additional 4,697 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.