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

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

Several equities research analysts recently issued reports on the company. 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 research note on Tuesday, February 4th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Wells Fargo & Company raised their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th.

Four Corners Property Trust Trading Up 1.4 %

Shares of Four Corners Property Trust stock opened at $28.19 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a 50-day moving average of $28.03 and a 200-day moving average of $28.11. Four Corners Property Trust has a 52-week low of $22.89 and a 52-week high of $30.93. The stock has a market cap of $2.82 billion, a PE ratio of 26.34 and a beta of 0.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (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%. As a group, sell-side analysts forecast that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is presently 132.71%.

Hedge Funds Weigh In On Four Corners Property Trust

A number of institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its stake in Four Corners Property Trust by 37.1% in the first quarter. Exchange Traded Concepts LLC now owns 115,855 shares of the financial services provider’s stock valued at $3,325,000 after buying an additional 31,369 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Four Corners Property Trust by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,551 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 796 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Four Corners Property Trust by 23.6% in the 1st quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 1,231 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Four Corners Property Trust during the 4th quarter valued at approximately $46,000. Finally, Public Employees Retirement System of Ohio increased its position in Four Corners Property Trust by 1.8% during 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. Institutional investors and hedge funds 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.