Four Corners Property Trust (NYSE:FCPT) Given Market Perform Rating at JMP Securities

Four Corners Property Trust (NYSE:FCPT)‘s stock had its “market perform” rating reissued by equities researchers at JMP Securities in a research note issued on Thursday,Benzinga reports.

Other analysts also recently issued reports about the company. Barclays cut their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group assumed coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a “buy” rating and a $33.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock traded down $0.06 during midday trading on Thursday, hitting $27.69. The company’s stock had a trading volume of 35,716 shares, compared to its average volume of 446,821. The company has a 50-day moving average price of $27.69 and a two-hundred day moving average price of $28.22. Four Corners Property Trust has a 1-year low of $22.38 and a 1-year high of $30.93. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 25.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. As a group, sell-side analysts predict that Four Corners Property Trust will post 1.62 earnings per share for the current year.

Institutional Trading of Four Corners Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Four Corners Property Trust during the second quarter worth approximately $452,000. Creative Planning boosted its holdings in shares of Four Corners Property Trust by 13.3% during the 3rd quarter. Creative Planning now owns 28,159 shares of the financial services provider’s stock worth $825,000 after buying an additional 3,315 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in shares of Four Corners Property Trust during the 3rd quarter worth approximately $208,000. AlphaMark Advisors LLC bought a new stake in shares of Four Corners Property Trust in the 3rd quarter valued at $348,000. Finally, Inspire Advisors LLC acquired a new position in shares of Four Corners Property Trust during the 3rd quarter valued at $226,000. 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.