Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $28.00 Average Target Price from Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has received an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $28.00.

Several equities research analysts recently issued reports on the company. BMO Capital Markets assumed coverage on Four Corners Property Trust in a research note on Friday, April 17th. They issued a “market perform” rating and a $27.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Four Corners Property Trust in a research note on Wednesday, April 8th. Raymond James Financial reduced their price objective on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Barclays increased their price objective on Four Corners Property Trust from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Citigroup reissued a “market perform” rating on shares of Four Corners Property Trust in a research note on Monday, January 5th.

Insider Transactions at Four Corners Property Trust

In other Four Corners Property Trust news, CEO William H. Lenehan acquired 7,865 shares of Four Corners Property Trust stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $25.49 per share, with a total value of $200,478.85. Following the purchase, the chief executive officer owned 765,845 shares in the company, valued at approximately $19,521,389.05. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Four Corners Property Trust by 80.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 463 shares during the period. Rye Brook Capital LLC lifted its position in shares of Four Corners Property Trust by 0.4% during the 3rd quarter. Rye Brook Capital LLC now owns 123,100 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 500 shares during the period. Arizona State Retirement System lifted its position in shares of Four Corners Property Trust by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 29,730 shares of the financial services provider’s stock worth $725,000 after buying an additional 554 shares during the period. Lazard Asset Management LLC lifted its position in shares of Four Corners Property Trust by 1.1% during the 2nd quarter. Lazard Asset Management LLC now owns 54,519 shares of the financial services provider’s stock worth $1,467,000 after buying an additional 568 shares during the period. Finally, Strs Ohio increased its holdings in Four Corners Property Trust by 3.3% during the 4th quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 600 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Trading Up 0.9%

Shares of NYSE FCPT opened at $25.14 on Tuesday. Four Corners Property Trust has a 12 month low of $22.78 and a 12 month high of $28.98. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 22.85 and a beta of 0.83. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $24.91 and a 200-day simple moving average of $24.31.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Wednesday, February 11th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The business had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. During the same period in the prior year, the business posted $0.44 earnings per share. Four Corners Property Trust’s revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Four Corners Property Trust will post 1.75 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.3665 dividend. This represents a $1.47 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Four Corners Property Trust’s dividend payout ratio is currently 133.64%.

Four Corners Property Trust Company Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.