Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $30.60 Average Target Price from Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.60.

FCPT has been the topic of several recent research reports. UBS Group started coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Finally, Barclays began coverage on Four Corners Property Trust in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $31.00 price target for the company.

Four Corners Property Trust Stock Performance

Shares of FCPT stock opened at $27.56 on Friday. The business has a fifty day moving average of $28.09 and a 200 day moving average of $27.99. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.75 and a beta of 1.13.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The firm had revenue of $66.79 million during the quarter, compared to analysts’ expectations of $63.50 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts expect that Four Corners Property Trust will post 1.65 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.355 dividend. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.15%. Four Corners Property Trust’s dividend payout ratio is presently 132.71%.

Institutional Trading of Four Corners Property Trust

Several institutional investors have recently bought and sold shares of FCPT. Eagle Bay Advisors LLC lifted its position in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after buying an additional 425 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Four Corners Property Trust by 4.5% during the third quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 527 shares in the last quarter. MML Investors Services LLC grew its position in shares of Four Corners Property Trust by 5.6% in the third quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 635 shares during the period. GAMMA Investing LLC increased its stake in shares of Four Corners Property Trust by 24.0% during the third quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 814 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Four Corners Property Trust by 3.5% during the 2nd quarter. Arizona State Retirement System now owns 25,753 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 863 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

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.