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

Four Corners Property Trust, Inc. (NYSE:FCPT) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $30.20.

A number of equities analysts have recently commented on FCPT shares. Barclays cut 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 report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th.

Four Corners Property Trust Price Performance

Four Corners Property Trust stock opened at $28.52 on Thursday. The business’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $28.35. Four Corners Property Trust has a 12 month low of $22.38 and a 12 month high of $30.93. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 26.65 and a beta of 1.16. 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 (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts forecast that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 4.98%. Four Corners Property Trust’s payout ratio is presently 132.71%.

Hedge Funds Weigh In On Four Corners Property Trust

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in Four Corners Property Trust by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,755 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 450 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in Four Corners Property Trust during the fourth quarter worth about $46,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Four Corners Property Trust by 1.8% in 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 purchasing an additional 4,697 shares in the last quarter. Palisades Investment Partners LLC increased its position in shares of Four Corners Property Trust by 8.3% during the 4th quarter. Palisades Investment Partners LLC now owns 31,303 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 2,407 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in shares of Four Corners Property Trust during the 4th quarter valued at about $201,000. Institutional investors own 98.66% of the company’s stock.

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.