Analysts Set Four Corners Property Trust, Inc. (NYSE:FCPT) Price Target at $28.00

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.00.

Several analysts recently issued reports on FCPT shares. Wells Fargo & Company cut their price target on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Citigroup reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a research note on Friday, January 9th. Finally, Evercore reduced their price target on shares of Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a report on Monday, December 15th.

Four Corners Property Trust Trading Down 0.5%

NYSE FCPT opened at $25.55 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.13 and a current ratio of 0.13. Four Corners Property Trust has a one year low of $22.78 and a one year high of $29.81. The company has a 50-day simple moving average of $24.53 and a 200-day simple moving average of $24.44. The firm has a market capitalization of $2.80 billion, a PE ratio of 23.23 and a beta of 0.82.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Four Corners Property Trust had a net margin of 38.20% and a return on equity of 7.39%. The firm had revenue of $75.67 million for the quarter, compared to analyst estimates of $76.04 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Four Corners Property Trust’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Four Corners Property Trust will post 1.68 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FCPT. Parallel Advisors LLC raised its holdings in shares of Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after buying an additional 463 shares during the last quarter. Farther Finance Advisors LLC increased its position in Four Corners Property Trust by 829.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 995 shares during the period. First Horizon Corp raised its stake in Four Corners Property Trust by 147.4% during the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 709 shares in the last quarter. Huntington National Bank raised its stake in Four Corners Property Trust by 114.1% during the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 836 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Four Corners Property Trust during the 4th quarter worth $36,000. Institutional investors own 98.66% of the company’s stock.

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.