Four Corners Property Trust (NYSE:FCPT) Raised to “Hold” at BidaskClub

Four Corners Property Trust (NYSE:FCPT) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday, November 10th.

A number of other equities analysts have also commented on the stock. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, October 17th. Canaccord Genuity initiated coverage on shares of Four Corners Property Trust in a report on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price objective on the stock. Raymond James Financial upgraded shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, August 15th. Finally, UBS upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.25.

Four Corners Property Trust (NYSE:FCPT) traded down $0.05 during trading hours on Friday, hitting $26.45. 165,000 shares of the company traded hands, compared to its average volume of 330,477. The firm has a market cap of $1,625.37, a price-to-earnings ratio of 19.82 and a beta of 0.09. Four Corners Property Trust has a 1-year low of $18.32 and a 1-year high of $26.75.

Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in Four Corners Property Trust in the 3rd quarter worth about $575,000. Eii Capital Management Inc. bought a new position in Four Corners Property Trust in the 3rd quarter worth about $622,000. California Public Employees Retirement System grew its position in Four Corners Property Trust by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 135,795 shares of the financial services provider’s stock worth $3,384,000 after purchasing an additional 6,024 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new position in Four Corners Property Trust in the 3rd quarter worth about $560,000. Finally, Cohen & Steers Inc. grew its position in Four Corners Property Trust by 14.1% in the 3rd quarter. Cohen & Steers Inc. now owns 4,104,733 shares of the financial services provider’s stock worth $102,290,000 after purchasing an additional 506,185 shares during the last quarter. 86.41% of the stock is owned by institutional investors and hedge funds.

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Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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