Four Corners Property Trust, Inc. (NYSE:FCPT) Given Consensus Rating of “Moderate Buy” by Brokerages

Four Corners Property Trust, Inc. (NYSE:FCPT) has been given an average rating of “Moderate Buy” by the six brokerages 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 twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.40.

A number of research analysts have issued reports on FCPT shares. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Tuesday, December 10th. UBS Group began coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company. Finally, Barclays reduced their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th.

Four Corners Property Trust Stock Down 0.3 %

FCPT opened at $27.92 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average of $27.75 and a 200-day moving average of $28.22. Four Corners Property Trust has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The company has a market capitalization of $2.70 billion, a P/E ratio of 26.09 and a beta of 1.14.

Hedge Funds Weigh In On Four Corners Property Trust

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in Four Corners Property Trust by 14.4% in the 2nd quarter. AQR Capital Management LLC now owns 22,485 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 2,825 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Four Corners Property Trust by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,170 shares of the financial services provider’s stock valued at $1,238,000 after acquiring an additional 2,063 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at $229,000. Sanctuary Advisors LLC bought a new position in Four Corners Property Trust in the second quarter valued at about $452,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Four Corners Property Trust by 51.1% during the third quarter. Handelsbanken Fonder AB now owns 28,695 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 9,700 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

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.