Four Corners Property Trust, Inc. (FCPT) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Four Corners Property Trust, Inc. (NYSE:FCPT) from a hold rating to a buy rating in a research report released on Tuesday, October 17th. Zacks Investment Research currently has $29.00 price objective on the financial services provider’s stock.

According to Zacks, “Four Corners Property Trust, Inc. is involved in the acquisition and leasing of restaurant locations. Four Corners is headquartered in Mill Valley, CA. “

FCPT has been the subject of a number of other research reports. BidaskClub cut Four Corners Property Trust from a hold rating to a sell rating in a research report on Thursday, September 28th. UBS AG upgraded Four Corners Property Trust from a market perform rating to an outperform rating in a research report on Tuesday, August 15th. Ladenburg Thalmann Financial Services reiterated a buy rating and set a $28.00 price objective (up previously from $27.00) on shares of Four Corners Property Trust in a research report on Friday, September 22nd. Raymond James Financial, Inc. upgraded Four Corners Property Trust from a market perform rating to a buy rating and set a $26.00 price objective for the company in a research report on Tuesday, August 15th. Finally, Canaccord Genuity started coverage on Four Corners Property Trust in a research report on Tuesday, July 18th. They set a hold rating and a $26.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $27.25.

Four Corners Property Trust (FCPT) traded down $0.08 during trading on Tuesday, hitting $25.30. 70,560 shares of the stock traded hands, compared to its average volume of 233,446. The stock has a market cap of $1,553.16, a P/E ratio of 18.94 and a beta of 0.09.

WARNING: This report was reported by BBNS and is the sole property of of BBNS. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://baseballnewssource.com/markets/zacks-investment-research-upgrades-four-corners-property-trust-inc-fcpt-to-buy/1720925.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.243 dividend. This represents a $0.97 annualized dividend and a yield of 3.84%. The ex-dividend date was Thursday, September 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is 68.79%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in Four Corners Property Trust by 2.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 88,925 shares of the financial services provider’s stock valued at $2,030,000 after buying an additional 1,741 shares during the period. Legal & General Group Plc grew its holdings in Four Corners Property Trust by 9.2% in the 2nd quarter. Legal & General Group Plc now owns 251,246 shares of the financial services provider’s stock valued at $6,309,000 after buying an additional 21,226 shares during the period. Comerica Bank grew its holdings in Four Corners Property Trust by 11.1% in the 2nd quarter. Comerica Bank now owns 63,816 shares of the financial services provider’s stock valued at $1,607,000 after buying an additional 6,357 shares during the period. Renaissance Technologies LLC purchased a new stake in Four Corners Property Trust in the 1st quarter valued at about $1,301,000. Finally, Vanguard Group Inc. grew its holdings in Four Corners Property Trust by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 7,454,371 shares of the financial services provider’s stock valued at $170,184,000 after buying an additional 117,057 shares during the period. Institutional investors own 87.21% of the company’s stock.

About Four Corners Property Trust

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.

Get a free copy of the Zacks research report on Four Corners Property Trust (FCPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Four Corners Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.