Four Corners Property Trust, Inc. (NYSE:FCPT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $29.40.

FCPT has been the topic of a number of recent research reports. UBS Group dropped their price objective on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, June 2nd.

Insider Activity at Four Corners Property Trust

In other news, CAO Niccole Stewart sold 9,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total transaction of $248,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,204 shares of the company’s stock, valued at approximately $851,245.12. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John S. Moody sold 7,667 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $27.42, for a total value of $210,229.14. Following the completion of the sale, the director now owns 53,821 shares of the company’s stock, valued at $1,475,771.82. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Four Corners Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Four Corners Property Trust by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider’s stock worth $24,193,000 after buying an additional 11,131 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Four Corners Property Trust by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock valued at $43,776,000 after purchasing an additional 94,903 shares during the last quarter. Barclays PLC grew its position in shares of Four Corners Property Trust by 10.6% in the fourth quarter. Barclays PLC now owns 172,564 shares of the financial services provider’s stock valued at $4,682,000 after purchasing an additional 16,543 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Four Corners Property Trust in the fourth quarter valued at about $419,000. Finally, Yousif Capital Management LLC lifted its stake in shares of Four Corners Property Trust by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock valued at $994,000 after buying an additional 600 shares during the period. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Four Corners Property Trust Trading Up 1.5%

Shares of NYSE:FCPT opened at $27.79 on Tuesday. The stock has a 50 day moving average of $27.49 and a 200 day moving average of $27.87. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust has a 12-month low of $23.76 and a 12-month high of $30.93. The company has a market cap of $2.79 billion, a PE ratio of 25.97 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $71.48 million for the quarter, compared to analysts’ expectations of $67.17 million. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, equities research analysts expect that Four Corners Property Trust will post 1.68 EPS for the current year.

About Four Corners Property Trust

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.