Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $30.20 Consensus PT from Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $30.20.

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

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT opened at $27.72 on Monday. The stock has a market capitalization of $2.77 billion, a P/E ratio of 25.91 and a beta of 0.93. 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 1-year low of $23.25 and a 1-year high of $30.93. The business has a 50-day moving average price of $28.06 and a two-hundred day moving average price of $28.10.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share 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 analysts predict that Four Corners Property Trust will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.

Hedge Funds Weigh In On Four Corners Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp increased its position in shares of Four Corners Property Trust by 15.7% during the third quarter. Stifel Financial Corp now owns 23,370 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 3,175 shares in the last quarter. MML Investors Services LLC boosted its stake in Four Corners Property Trust by 5.6% in the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 635 shares during the period. Barclays PLC increased its holdings in Four Corners Property Trust by 109.5% during the 3rd quarter. Barclays PLC now owns 156,021 shares of the financial services provider’s stock worth $4,572,000 after purchasing an additional 81,565 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Four Corners Property Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock valued at $69,101,000 after purchasing an additional 27,552 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 44.9% in the third quarter. Sanctuary Advisors LLC now owns 27,967 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 8,666 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

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.